what is the three basic rules of accounting?
Answers were Sorted based on User's Feedback
Answer / padmanabhan
Three basic rules are
1. Debit the receiver; Credit the Giver.
2. Debit What comes in; Credit what goes out
3. Debit All expenses and losses; Credit all incomes and
gains.
Padhu
Is This Answer Correct ? | 22 Yes | 0 No |
Answer / madhu poor
Three rule of account.
1) Personal
2) Real
3) Nominal
Three basic rules are
1. Debit the receiver; Credit the Giver.
2. Debit What comes in; Credit what goes out
3. Debit All expenses and losses; Credit all incomes and
gains.
Is This Answer Correct ? | 6 Yes | 0 No |
Answer / nagarjuna
it is also called "golden rules of accounting". there are 3
rules.
1.PERSONAL ACCOUNT:-
DEBIT :who is benefits get from company. (receiver)
CREDIT:who is give benefits to the company (giver)
2. REAL ACCOUNT:-
DEBIT : What comes in
CREDIT: What goes out
3.NOMINAL ACCOUNT
DEBIT : All expenses and losses
CREDIT: All incomes and profits
Is This Answer Correct ? | 6 Yes | 0 No |
What do you mean by Turnover
what salary you expect???
what is Balanceshet?
Short Answer on _________Accounting
what are fictious assets? give some examples?
39 Answers Capital IQ, Genpact,
Expand---------MRDT
Expand ________CADE
what is meant by debit and credit
22 Answers DELL, i Tech, IBM, Wipro,
Name the Accounting Concepts
if anybody tell me difference between DD, PO & Cheques
what is tha p/e ratio?
10 Answers Capital IQ, Edelweiss,
all of interview question about coop bank of oromia