Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 714009 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 / shravan
there mainly three golden rules in accounting
personal a/c
real a/c
nominal a/c
per......... debit the receiver
credit the giver
real.........debit whats comes in
credit whats go out
nomi.........debit all expenses and losses
credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / haider eqbal
Personal account:Debit what comes in, Credit what goes out.
Real account :Debit the reciever while Credit the giver.
Nominal account :Debit all expences and losses, Credit all
incomes and gains.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / praveen
Personal A/c: Debit the receiver
Credit the Giver
Real A/C : Dr. What come in
Cr. What goes out
Nominal A/C : Dr. All expense & loss
Cr. All incomes & gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jewel
The golden rules of accounting is debit and credit. It means
as per accounting rules & regulation what says.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jewel
the golden rules of accounting is debit & credit. It mean as
per international rules & regulation what can say.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / safil
DEBIT CREDIT
PERSONAL A/C : 1) A PERSON BECOMES OUR 1)A PERSON BECOMES OUR
DEBTOR CREDITOR
2) WHEN A PERSON CESES 2)WHEN A PERSON CESES
TO BE OUR CREDITOR TO BE OUR DEBTOR
REAL A/C : 3) WHAT COMES IN 3) WHAT GOES OUT
NOMINAL A/C : 4) EXPENSES & LOSES 4) INCOME & GAIN
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vikas.hs
REAL ACCOUNTS - DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL ACCOUNTS - DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNTS - DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / hamza arif
PERSONAL ACCOUNT:DEBIT THE RECIEVER
CREDIT THE GIVER
REAL ACCOUNT: DEBIT WHTS COME IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNT: DEBIT ALL EXPENSES AND LOSES
CREDIT ALL INCOMES AND GAIN
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kishor k
REAL ACCOUNT :
DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNT :
DEBIT ALL EXPENCES AND LOSES
CREDIT ALL INCOME AND REVENUE
PERSONAL ACCOUNT :
DEBIT THE RECEVIER
CREDIT THE GIVER
| Is This Answer Correct ? | 0 Yes | 0 No |
Can grants made in stage payments but not yet received be accrued as grants receivable?
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
hi, iam gopikrishna working as faculty in ICFAI. Now i want to shift into software side. So i am learning FICO. can i get the job in new field?
What is Royalty Accounting? How it calculate? Give some example.
13 Answers Infosys, KAS Exam, MIT, Royalty, Satyam, Transteel,
Where we transfer loss in Balance Sheet?
Explain about Fixed capital
In activity based costing, costs are accumulated by A. Cost objects; B. Cost benefit analysis; C. Cost pool; D. None of the above.
Expand ---------MRD
What is the rule on a school who will be handled by anither school? How do I calculate the royalty per year to the school who will supervise a new school
Expand F D R
EXPAND_________SFC
in accounts welding institute which category will come for example 1. recruitment con.pvt ltd. is man power recruit category ,so iwant to welding institute (learning welding and fibrication)
Audit 
