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what is the golden principles of accountin

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what is the golden principles of accountin..

Answer / radha

goldent principles of accounting are

1. Personal account. In this a/c Debit the benifit receiver
and creit the benifit giver.

2. Real Account. In this a/c Debit what comes in and Credit
what goes out

3. Nominal Account. In this a/c all expenses and lossess
are debited and all incomes.

Is This Answer Correct ?    13 Yes 4 No

what is the golden principles of accountin..

Answer / praveen chowdary

personal account;
debit the receiver and credit the giver.

real account;
debit what comes in and credit what goes out.

nominal account;
debit all expences and losses, credit all incomes and gains

Is This Answer Correct ?    8 Yes 1 No

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