Answer / jyoti s k

Accounting principles are like laws that are made by
International Accounting Standards to be used in business so
that all tractions and records are kept clear and fair. The
basic difference between principles and concepts is to their
implementation and understanding. Principles are used to
implement where as procedures are used for understanding of
accounting.

Answer / p.philemon babu

ACCOUNTING PRINCIPLES:
(1)PERSONAL ACCOUNT:DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
(2)REAL ACCOUNT:DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
(3)NOMINAL ACCOUNT:DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL PROFIT AND GAINS

Answer / ganesh upadhyay

Accounting principles are like laws that are made by
International Accounting Standards to be used in business so
that all tractions and records are kept clear and fair. The
basic difference between principles and concepts is to their
implementation and understanding. Principles are used to
implement where as procedures are used for understanding of
accounting.

Answer / tsethi

There are basic principles of Accounts

1) Personal Accounts Dr what comes in & Cr what goes out
2) Real Accounts: Dr the receiver Cr the giver
3) Nominal Accounts: Dr all expenses and loses Cr All
incomes & gains

Answer / pankaj agrawal

THERE ARE FOUR TYPE OF ACCOUNTING PRINCIPLE
1. COST PRINCIPLE
2. REVENUE PRINCIPLE
3. MATCHING PRINCIPLE
4. DISCLOSURE PRINCIPLE

Answer / mustaque ahmed

Accounting principles is
1.Matching concept
2.cost principle
3.Matching Principle
4.Full closure of cost principle
5.objectively principles
6.Revenue Recognition Principles

Answer / neetika ojha

1- Prudence Concept
2- Dual aspect concept

Answer / shoukatali

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER

Answer / ahamed

maintaining the accounts
eg:daybook,bankbook,salesandpurchase account,etc there
are types of accounts 1.personial:debit recieves credit
gives
2.real:debit comes out credit goves
out
3.nominal:debit expenditure,loss credit
profit

Answer / ramesh.mandadapu

personal a/c: dedit whatcomes in and what goes out
real a/c: all expenses,profits debit and all revenues and
losses credit
nominal a/c: debit is receiver credit is the giver

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