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3 principles of accounting
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Answer / pravi
Personal Account-Debit the receiver and credit the giver
Real Account - debit what comes in credit what goes out
Nomial Account -debit all expenses and incomes and credit
all losess
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / reginold sanjeev
Personal Account
Real Account
Nomial Account
| Is This Answer Correct ? | 10 Yes | 5 No |
Answer / shailaja
The principles of accounting is basically under 3 types
personal account
real account
nominal account
personal account comes as dr- the receiver, cr- the giver
real account comes as Dr- what comes in , cr_what goes out
nominal account comes as Dr-all expenses d incomes, cr- all
loses and gains.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / mayur chavare
1) Real Account
2) Nominal Account
3) Personal Account
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / suneel
The 3 principles of accounting are,
Prudence,materiality and Substance over form
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / suneel
I guess those three are Fundamental accounting "assumptions"
and not principles Ms. Asha...
| Is This Answer Correct ? | 3 Yes | 0 No |
Dr. The Receiver & Cr. the Giver (for personal Account)
Dr. what comes in & Cr. what goes our (for real Account)
Dr. all expenses/losses & Cr. all incomes/revenue (for
nominal Account)
| Is This Answer Correct ? | 2 Yes | 0 No |
shyam consigned 200000 unit @ rs 5/-each to mr ram and paid freight and insurance amounting to rs 100000.ram spent further following amount: 1) insurance rs 5000 2) godown rent rs 4000 3) clearing rs 6000 2000 unit were damages during transits due to heavy rains. Ram sold 100000 unit @rs 10 per unit . ram realisec solvage value of damage unit rs .2000 ram is get 5% commission on sale determine the abnormal loss?
Interest received 5,000 and still receivable Rs. 2,000 PLease give journal entry for this!
What is the Difference Between Sales Tax and VAT ?
what is the basic difference between pooling of interest method and purchase method in amalgamation
if the current ratio is 0.5 what is the impact of working capital
Please tell me under which heads following ledgers should open or create. 1. Vat on Sales 2. Vat on Purchases 3. Excise on Sales 4. Excise on Purchases 5. Service Tax Input 6. Service Tax Output It’s urgent for me.
14 Answers Genpact, IMK, MMS,
If Pass book & Cash Books Balances are showing same so are you need to BRS ?
What entry to be passed for Duty draw back as receivable
1. What do u mean by custom duty? 2. How can u prepare Salary Statement in Company? 3. how much amount will pay to a cotractor through T.D.S ?
what is the difference between accounting and finance?
Why discount on issue of debenture is shown as ficitious assest in Balance sheet ..? same why preliminary expenses ia also shown as ficitious assets in Balance sheet :?
3 Answers Accenture, Cap Gemini,
Wat is the journal entry for credit sales with vat
Audit 
