Interested to Buy Any Domain ? << Click Here >> for more details...
"What is the golden rules of accounting"
- 4 Answers
- 8007 Views
- Genpact, Rose Valley, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Accounting Rules are Classified in to two
Personal Account and Impersonal Account and again Impersonal
account classified in to two Real Account and Nominal Account
Personal A/c :- Debit the Receiver
Credit The Giver
Real Account :- Debit What Comes in
Credit What Goes out
Nominal Account :- Debit All Expenses and Losses
Credit All Income and Revenues
| Is This Answer Correct ? | 38 Yes | 2 No |
Answer / md asif ali
"GOLDEN RULES(PRINCIPLES) OF ACCOUNTING THEY ARE THREE:
1)PERSONAL A/C:DEBIT THE RECIVER AND CREDIT THE GIVER
2)REAL A/C:DEBIT WHAT COMES IN AND CREDIT THE WHAT GOES OUT
3)NOMINAL A/C:DEBIT THE ALL EXPENSES AND LOSSES AND CREDIT
THE ALL INCOME AND GAINS"
| Is This Answer Correct ? | 30 Yes | 1 No |
Answer / shiva shankar
3 rules
1.personal ,debit the receiver and credit the giver
2.real , debit what comes in and credit what goes out
3.nominal,debit all expences and losses , credit all
incomes and gains.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sukanya
personal a/c
debit the receiver
credit the giver
real a/c
debit what comes in
credit what goes out
nominal a/c
debit all exp and losses
credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
are there any sub-types of the 4 main types of bank accounts ?.........if yes what are they?
What do you mean by the word Purchase
what is inflation?
what is importance of accounting?
When did the accounting requirements of the revised SORP & Regulations come into force?
what is meant by cost accounting? How it is different from financial accounting
What is the journal entry for reverse the late payment of loan from the bank A.
How to Close housing loan account while preparing profit and loss account
what is the procedure of interview question in genpact
what happens to each of the three primary financial statements when gross margin decreases?
if salary paid per month rs. 28000/- i will deduct tds from his salary please what i will do explain
After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP
Audit 
