Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 714452 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 / piyush
Real A/c Debit What Comes In
Credit What goes out
Nominal A/c Debit All Expenses and Loses
Credit All Income and Gain
Personal A/c Debit the Receiver
Credit the Giver
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / chandu
There are 3 golden rules of accounting
1) Personal Accounting:
Dr- Debit the Reciever
Cr- Credit the giver
2) Real Accunting:
Dr- What comes In
Cr- What goes out
3) Nominal Accounting
Dr - All Exp and Losess
Cr - All Incomes and Gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / uttam
Real A/c- Debit what comes in
Credit what goes out
Nominal A/c- Debit all expesnsses & losses
Credit all incomes & gains
Personnel A/c- Debit the receiver
Credit the giver
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ganesh
Personal A/c : Debit the receiver
Credit the giver
Real A/c : Debit what comes in
Credit what goes out
Nominal A/c : Debit Loss and Expense
Credit ALL INCOME and Gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sowmiya. m
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 and Loses
Credit all Incomes and Gains
This is the correct answer
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / 9461333222
real a/c : debit what come in
credit what goes out
nominal a/c :debit all expenses & loses
credit all profit & gain
personal a/c :debit the recevier
credit the giver
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / siva raj....
Personel a/c : Debit the receiver
Credit the giver
Real a/c : What comes in Debit
What goes out Credit
Nominal a/c : Debit all Expenses & Losses
Credit all Incomes and gains.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / naveethika.g
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 profits[gains]
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / padma
Personal Account:
Receiver is Debit
Giver is Credit
Real Account:
What Comes in Debit
What goes out Credit
Nominal Account:
All Expenses and Losses Debit
All Income and Gain Credit
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / amit jana
Real Account: Debit what comes in
Credit what goes out
Nominal Account: Debit all expenses and loses
Credit all Income and Revenues
Personal Account: Debit the Receiver
Credit the Giver
| Is This Answer Correct ? | 2 Yes | 1 No |
what is BPS
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
what is business transaction
in payroll what are the key elements for calculation of pf,esi,it?
Define mortgage
What is corporate restructuring?
what is capital market?
Define investment Property?
Expand I I C
WHAT IS PORTFOLIO MANAGEMENT?
what is the differance bet ween Bill and invoice?
nav , npv
Audit 
