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...

types of accounts and its rules

Answer Posted / subhash a.

Types of accounts
1. Personal,
2. Real,
3. Nominal.

Rules of Accounting:

1. Personal Accounts: Debit the receiver; Credit the giver

2. Real Accounts: Debit what comes in; Credit what goes out

3. Nominal Accounts: Debit expenses & losses; Credit incomes
& gains

Is This Answer Correct ?    6 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

why do you think you are sutable candidate for this post

2176


we are in contraction business, we purchase raw material and paid tax on related material, suppose we want to bill to our party in WCT?

2094


impairment & Amortisation Means

2049


if we have credit 50 % rg23c part ii first and not credit next balance 50 % .when we have do?

1887


please explain the uses of internate protocol address(ip add)?

2268


which are company offering jobs in PORTFOLIO MANAGEMENT ?

2314


WHAT IS DIFFERED INCOME TAX AND WHERE IT SHOWS IN BALANCE SHEET?

2315


A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in

2022


In order to comply with the matching principle, adjustment entries are made at the preparation of ----------

3027


im preparing for the sbi clerical post please send me the solved questions.

2312


Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?

2242


why the closing stock is not considered in drawing trail balance.... Are there any other items like the above

2484


What is the important of cash in a business unit

2050


Entrance Exam question & Answer required

2013


Sir,I want to be good in accounting .Now i have got an oppurtunity to work in accounts department but i am average in accounts.So how can i improve and work with effiency guide me with ur tips.

2204