What are accounting Principles?
Answer Posted / pritish
ACCOUNTING PRINCIPLES ARE THREE TYPES:-
PERSONAL A/C:-DEBIT THE RECEIVER AND,CREDIT THE GIVER.
REAL A/C:-DEBIT WHATS COMES IN AND,CREDIT WHAT GOES OUT
NOMINAL A/C:-DEBIT ALL EXPENSES AND LOSSES,AND CREDIT ALL
INCOME AND GAINS.ALL IZZ WELL
Is This Answer Correct ? | 1 Yes | 1 No |
Post New Answer View All Answers
What does sacp stand for?
How will you differentiate between Balance of Payment and Balance of Trade?
What is a balance sheet and a trial balance?
What is Pradhan Mantri Jeevan Jyoti Bima Yojana?
Explain fixed assets and investments
What is 'zero based budget (zbb)'?
how do you plan to grow within an organization?
What Is The Ssm Framework Regulation And Why Is It Necessary? To Whom Does It Apply?
What Entry Will Be Passed if Shares Are Issued at Premium?
Name the different types of deposits in a bank?
What is a probation period?
What is inflation? It is good or bad?
If you get recruited in SBI, and made an employee in a rural area, how will you prove yourself as a best employee?
What Do You Mean By Co-maker?
What Is Overdraft Protection?