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 basic rules in accounting.

Answer Posted / harindra sahani

Ther are three basic rules use in accounting


REAL ACCOUNTS Debit what comes in
Credit what goes out

NOMINAL ACCOUNTS Debit all losses & expenses
Credit all income andrevenues

PERSONAL ACCOUNTS Debit all receiver
Credti all giver

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Whether interstate purchase of High speed diesel by mines at concessional rate is allowable ?

2548


Tell me that how I can evaluate the internal control audit?

1113


Why do you want to work in audit?

1245


Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?

1994


What is the mean of internal audit?

1157


what is the PRPOER way of accounting salaries ETF EPF

2753


How can i disable closing stock in trial balnce in tally?

2711


What are the different types of audits?

1085


Why does a systems auditor need to use professional judgement when selecting audit procedures?

1109


What are the basic principles of an internal audit controlsystem?

1182


What are intangible assets?

1149


Explain the purpose of meeting in audit?

1191


What is the mean of statutory audit?

1210


central excise all question

2586


Do you know what are the reasons for getting audited?

1117