what is golden rules of accounts

Answer Posted / sridharan.v

There are three golden rules of accounting:-

Name of the Account Debit credit

1. Personal Account: the reciever thegiver.


2. Real Account: what comes in what goes
out.


3. Nominal Account: all expenses and losses all incomes
and
gains.

Is This Answer Correct ?    11 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

is indian bank or canara bank CBS brach?

1605


How do you avoid loss situation

1479


hi.this krishan .i m slect in axis bank for executive. when i sposse to join

1924


what are the suggestions to control NPA in rural areas?

3555


Expand-------ANTS

1512






please specify some books name in preparing a bank exam apttirutude questions

1543


What is the procedure to take loan

1684


can u let me know how the bankers calculate interest on O.D.account

1496


Expand-------CAN

1430


Could u show me the sample TDS Document / Template

1626


what happens to each of the three primary financial statements when capital expenditures decrease?

1572


what is your achievements?

1507


How to increase our credit rating score quickly?

1453


How do you handle lack of direction or working in chaos

1569


My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?

1526