Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 723473 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / yashwant
Real A/C- Debit whats comes in
Credit whats goes out
Personal A/c- Debit the receiver
Credit the giver
Nominal A/c- Debit all expenses and losses
Credit all incomes and Profit
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vinod
personal account:debit the receiver
credit the giver
real account:debit what comes in
credit what goes out
nominal account:debit the expenses & loses
credit the income & gain
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / arvind karthi venkatesh
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 ? | 1 Yes | 0 No |
Answer / soumya sashidhar
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 expences and losses
Credit all incomes and gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / e.sankar
PERSONAL ACCOUNT: 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 INCOMES AND GAINS
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / amit singh rawat
personal accounts:-
Debit the ricever and credit the giver.
Real accounts:-
Debit what's comes in and credit what's
gose out.
Norminal accounts:-
Debit all Expenses and Losses And Credit
all Income and Gain.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / banajit haloi
Personal a/c-- Debit the Receiver
Credit the Giver.
Real a/c--Debit what comes in
Credit what goes out.
Nominal a/c--Debit expenses or losses
Credit gains or incomes.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / karthik
REAL ACCOUNTS : DEBIT WHATS COMES IN
CREDIT WHATS GOES OUT
NOMINAL ACCOUNTS : DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAIN
PERSONAL ACCOUNTS : DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / gautam saurabh.
PRESONAL ACCOUNT- debit the receiver, credit the giver.
REAL A/c - dr.what come in, cr. Whats goes out.
NOMINAL A/C- Dr.all expenses and losses, Cr. all income and gains.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pratik lokhande
Personal A/c: Debit the Receiver
Credit The Giver
Real A/c: Debit What Comes in
Credit what goes out
Nominal A/c: Debit the Expences and Losses
Credit Profit and Gains
| Is This Answer Correct ? | 1 Yes | 0 No |
what is differance between creditors & expenses for creditors?
Explain why cooperative accounting is different from financial accounting?
1 Answers Meru University of Science & Technology,
how u will identify the duplicate invoice, on what basis?
Depreciation?
Is Entry Tax is applicable on consumable goods purchased Against C Form @ CST 2%
INDEPENDENT BRANCHS
Hi, I attended an interview recently for the post of Accountant, where I underwent a account test. Now I got selected for the second round interview. I am sure that in the interview, they will review my test result. If I had made some mistakes in the test, how should I answer them?
Expand G O I
what is the main difference between nse & bse operations
Expand E M I
how to maintain stock if any entry mismatch pllzz tell me short cut
EXPAND___________JNTU
Audit 
