Golden Words Of Accounting?
- 3 Answers
- 3394 Views
- UTC, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
personal a/c
Dr. the receiver, cr. the giver
real....
dr. what comes in, cr. what goes our
nominal....
dr. all expenses/losses, cr. all income/gains
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / raghu.v
Golden Rules are 3.
1.Personal Account
2.Real Account
3.Nominal Account.
1.Persona A/c
Debit:The receiver
Credit:The giver
2.Real A/c
Debit:What comes in
Credit:What Goes out
3.Nominal A/c
Debit:All expenses and Losses
Credit:All Income and Gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / nisha sagore
golden words of accounting is there 3 rules
1. Personal a/c
Debit the receiver, Credit the giver.
2. Real a/c
Debit what comes in, credit what goes out.
3. Nominal a/c
Debit all expeness & losses, Credit all income & gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
difference between provisions and reserves
Detail your responsibilities in accounts receivable
what is a grn in terms of accounting ? what is a grnthroughpo in terms of purchase order? what is a direct grn?
What is the journal entry of bounce cheque in tally .erp9???
What is the actual meaning of Ledger Account?
. Expenses a/c. Dr. To vendor a/c. Cr. What is an impact of this transaction on business
Dividends are usually paid as a percentage of ______ (a) Authorized share capital (b) Net profit (c) Paid-up capital (d) Called-up capital
Tell me what is the master account?
This is a new company & Cst Purchase occured.If I send C Form to Sundry Creditors Then What is the Procedure to collect C Form from sales tax department.
How we can apportuin the prepaid ex., example for jouran voucher
how to calculate the per unit cost of production
What mean the word LLP? Please share the definition...?
Audit 
