What are the three golden rules of accountancy?
Answers were Sorted based on User's Feedback
Answer / mayur shrivastava (+91) 99830-
There are three major golden rules of accountancy as below:-
First one-
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 expenses & losses.
Credit all income & gains.
Is This Answer Correct ? | 79 Yes | 0 No |
Answer / ganesh
golden rules of accounting
what comes in Dr...
what goes out Cr...
Debit is the receiver
Credit is the giver
all gains and income are credit
all losses and expenses are Debit
Is This Answer Correct ? | 28 Yes | 1 No |
Answer / khushbu agarwal
Personal A/C - Debit who is receiver
Credit who is giver
Real A/C - Debit what comes in
Credit what goes out
Nominal A/C - All expenses & losses are debit
All incomes & gains are credit
Is This Answer Correct ? | 26 Yes | 0 No |
Answer / burugupalli v manjunath
personal account-debit the receiver
credit the giver
nominal account-debit all expenses and losses
credit all incomes and gains
real account-debit what comes in
credit what goes out
Is This Answer Correct ? | 8 Yes | 1 No |
Answer / prashant jha
Personal account- debit the reciever credit the giver
Real account-debit what comes in credit what goes out
Nominal account-debit all expences and losses credit all profits and gains
Is This Answer Correct ? | 7 Yes | 3 No |
What do you mean by financial reporting?
What Is The Difference Between Bombay Stock Exchange And National Stock Exchange?
What is DeMat account?
Explain About Business Process Visualizations?
What Entry Will Be Passed When Shares Are Issued Other Than Cash?
0 Answers Joint Stock Company,
What is the amounts owed to a company that are not going to be paid
what are the approaches to current account convertibilitry
I am going to complete my MBA and I am selected in a clerk exam, I know i can do much better like after how many years I will get a growth If I join Sbi as a clerk. Like after How much time I will become officer
0 Answers Finance, State Bank Of India SBI,
What is the Full form of CBS and what are the features and benefits?
How often do you use social networking sites?
0 Answers State Bank Of India SBI,
How to write an E-mail in IT Company to the Customer ?
What is accounting management?