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 3 Basic Rules in Accounting.

Answer Posted / prashanthi

3 basic rules in accounting

personal account:persional accounts are accounts of persons
with whom a concern carries on business.
debit is the receiver
credit is the giver
Real accounts:accounts relating to properties or assests of
a trader are known as real accounts
debit what comes in
credit what goes out
nominal accounts:accouts dealing with expenses losses,
gains and incomes are known as nominal accounts
debit all expenses and losses
credit all incomes and gains

Is This Answer Correct ?    2 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?

2147


1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?

1615


Short Answer on __________Revenue

1894


what is the cost and financial accounting? what is double entry system ?

2081


What is revaluation of Accounts, how does it is accounted in business

1917


hello,dear any body give me mis report format. my email :kumar_ranjeet121@yahoo.in

1982


What is the procedure to become charted accountant in India now. Please answer this is urgent

1431


DEfine SAP

2031


i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............

2416


Short Answer on __________Leverage

2094


What are Mortgage Payment Problems?

1912


Pls Give me Solution for me. Bcz i m persuing b.a iii But now i m working in accounts . So what i do In future .

2204


What is meant by Nostro Reconciliation

2084


What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...

4640


what is the accounting conventions

4160