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what are accounting principles
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Answer / raju malode
PERSONAL A/C
DEBIT THE RECEIVER......
CREDIT THE GIVER........
REAL A/C
DEBIT WHAT COMES IN.....
CREDIT EHAT GOES OUT....
NOMICAL A/C
DEBIT ALL EXEPENSES AND LOSS.....
CREDIT ALL INCOM AND GAINS.......
| Is This Answer Correct ? | 39 Yes | 5 No |
Answer / spsiva.mba.
Accounting Principles may be classified into two catagories
as follows.
1.Accounting Concepts.2.Accounting Conventions.
Accounting Concepts are,1.Businessy Entity Concept.2.Dual
aspect Concept. 3.Going Concern Concept.4.Cost Concept.
5.Accounting Period Concept.6.Accural Concept.7.Matching
Concept.8.Historical Record Concept.9.Money Measurement
Concept.
Accounting Conventions are,
1.Disclosiry.2.Materialty.3.Conservatio.
| Is This Answer Correct ? | 33 Yes | 1 No |
Answer / shashi kiran
Personel Account:
Debit the receiver & Credit the giver.
Real Account:
Debit what comes in & Credit what goes out.
Nominal Account
Debit all Expenses & lossed & Credit all Incomes & Gains.
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / chandu
accounting principles means accounting concepts and accounting conventions.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / mitali jain
Accounting principles are specific methods adopted by
enterprise which are applied in the preparation and
presentation of financial statements.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / bhargavi
accounting principles are
1) personal a/c
2) nominal a/c
3) real a/c
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sanjay gupta
Debit the giver credit teh receiver
Debits what comes in credit whay goes out
Debit all expenses & loss credit all teh profits & Income.
| Is This Answer Correct ? | 13 Yes | 15 No |
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