What are accounting Principles?
Answer Posted / padmawathi
THERE ARE THREE
1) .PERSONAL a/C :- DEBIT THE RECEIVER.
CREDIT THE GIVER.
2).REAL a/c :- DEBIT WHAT COMES IN.
CREDIT WHAT GOES OUT.
3).NOMINAL a/c :- DEBIT ALL LOSSES AND EXPENCES.
CREDIT ALL GAINES AND INCOMES.
Is This Answer Correct ? | 1 Yes | 2 No |
Post New Answer View All Answers
What percentage of FDI is allowed in Retail, aviation and broadcasting?
After doing b.sc / b.tech / mba / ma why do you want to choose banking? Why not something related with you field of education?
What Will Happen In My Chapter 7 Case After I File All These Documents?
How is bandhan bank different from other public and private banks?
WHY ARE YOUR ACADS LOW?(IF THEY ARE LOW)
what is equity funding?
Where do you see the Euro in 2018?
What are the challenges for banking sector in India?
What is the portfolio management? How can it helpful for financial management?
Tell about the different types of banks?
Explain about trims.
What are the different types of 'Fixed Deposits'?
What are the different types of accounts in a Bank?
What are the different types of trading that exist?
Give Examples Of Bank Clerking Duties?