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 is the three basic rules of accounting?

Answer Posted / 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



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Is commodities transaction tax a permissible business expenditure? Explain

2202


What is the process of VAT & CST Registration?

2502


Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account

2188


What is the journal entry for Call and a Put option both in the books of buyer and seller

9857


Difference between cash and merchantile system?

2260


what are Blue-Chip companies?

2188


I WANT ACCOUNT ASSISTANCE INTERWIEV QUETION IN L&T

2513


Short answer on Allowances

1931


how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?

1874


Ram retired from partnership. The partners with mutual consent agreed to put the capital balance as on the date of retirement as loan to the firm @ 18% pa. The credit balance to his capital account was Rs 325000/- Pass necessary entry

1981


EXPAND___________NBFCS

2018


why do u want to join bpo sector

2255


define accounting,scope of account , types of account ?

3579


What are the things are not Included in Annual Reports?

2050


you went outside to purchase vegetagles, suddently big rain came then what you will do

2189