what are the golden principle of accounting?

Answer Posted / maikulal

if personal a/c incresed than credit
if personal a/c decreas than debit
if real a/c incresed than debit
if real a/c decreas than credit
if nominal a/c incresed than credit
if nominal a/c decreas than debit.

Is This Answer Correct ?    23 Yes 22 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Whether setting up of diary plants comes under CMA under Farm Sector or Non Farm Sector

1295


Explain about Fixed capital

1583


is it necessasary to make a partnership deed

2365


Distinguish value andPrice

1429


give me only one transactions in both side (debit&credit) should be in real accounts

1734






Expand SCERT

1795


what is Exposure ?

1506


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)

1646


Let me know the difference between cash flow and free cash flow

1584


What is written off?

1653


WHAT IS CORPORATE ACTION?

1616


Nature of training account with reason

1110


Dear all We have purchases the dialer & loger with all equipement for setup new call center from simens ltd. i taken to in our books as plant & machinary under fixed assets .So we want the rate of deprecation. Please answered me .

3463


which kind of expenses or Income will come under direct expenses or Income ?

1601


Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

1449