Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


What are the 3 Basic Rules in Accounting.

Answers were Sorted based on User's Feedback



What are the 3 Basic Rules in Accounting...

Answer / ajinath phuke

Personal a/c
Debit the recevier
Credit the giver

Nominal a/c
debit all expences &loss
Credit all incom& gains

Real a/c
debit what come in
Credit what goes out

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / kailasam

Personal A/c
Dr:-"Debit the receiver
cr:-credit the giver"

Real A/c
Dr:-"Debit what comes in"
cr:-"credit what goes out"


Nominal a/c
Dr:-"Debit all expenses and lossess
cr:-credit all incomes and gains"

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / mahesha c

1) personal accounts
Debit is the receiver.
Credit is the giver.
2)Real accounts
Debit what comes in.
Credit what goes out.
3)nominal accounts
Debit all expenses & losses.
Credit all income & gains.

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / sujeet

what type ac in real ac nominal ac personal ac
1 1

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / funny sharma

1+2X0=
1+4+4+4+4+4-2X0-1+4=
0X10+5+5-0+5=

ITS REAL ACCOUNT

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / weldon vel

#ACCOUNTING RULES#

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 ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / mohammed mubasheer ali khan

Golden rules of accounting
1)personal a/c
2)nominal a/c
3)real a/c

PERSONAL A/C: debit is the receiver
credit is the giver


real a/c:What comes in ------ Dr
What goes out----- Cr

nominal a/c :All expenses and losses--Dr
All income and gains-------Cr

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / ruksar khan

1) ASSETS = liabilities + Capital

2) what comes in DR.
what goes out CR.

3) Debit all exp&loss and credit all incomes and gains

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / abhijeet yadav

1.Real Account
what comes in Dr
what goes out Cr

2.Personal Account
Reciver is Dr
Giver is Cr

3.Nominal Account
All Expenses Dr
All incomes Cr

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / akshata

Personal A/C - Dr. the receiver
Cr. the giver
Real A/C - Dr. what comes in
Cr. what goes out
Nominal A/C - Dr. all expenses & losses
Cr. all income & gains

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

Why does one need a broker?

0 Answers   Mellon,


What is reserv for doutfull debts and how it was treated?

2 Answers   Siemens,


what is accounting standard?

58 Answers   ABC, Accounting, Banking, College School Exams Tests, Genpact, JK Associates, Livewire, TCS, Vijai Electricals, YCH,


Expand I B R D

4 Answers  


working capital and variance cost and funds flow and cash flow and gaap and surplus and

1 Answers   FactSet Systems,


What is profit earning ratio?

3 Answers  


How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

5 Answers  


Who to create a budget on software company

0 Answers   KLG Systel,


Expand A O

3 Answers  


what are the balancesheet,profit& loss a/c,profit & loss aprrieation a/c format

1 Answers  


what is mean by ledger

1 Answers   ME,


EXPAND___________MIS

4 Answers  


Categories