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...

Answer Posted / ritu gupta

there are 3 golden rules of accounting.
these are- 

1- Personal Account - Debit the Receiver 
                Credit the Giver

2- Real Account- Debit what comes in 
              Credit what goes out 

3- Nominal account - Debit all expenses and losses
                     Credit all income and gains

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?

2942


Exapnd--------RAN

2237


How you implemented a chargeback system?

2255


what s BSPL and its significance?

4063


what is debit/credit note ? what deffered income and expencess?

2793


Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai

2003


In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected

2117


purchase car from toyota innova 50000 cheque from one firm and 449893 from other firm.... and 1350000 loan saction from kotak mahindra.....how can entry make with interest

2012


Country-Western songs emphasize three basic themes: love, prison and trucks. A survey or the local Country-Western radio station produced the following data: 12 songs about a truck driver who is in love while in prison 2 about people in prison who are not in love and do not drive trucks 8 about people who are out of prison, are not in love, and do not drive a truck 13 about a prisoner in love 28 about a person in love 18 about a truck driver in love 16 about truck drivers who are not in prison 3 about a truck driver in prison who is not in love Find the number of songs about: a) How many songs were surveyed? b) truck drivers? c) prisoners? d) truck drivers in prison? e) people not in prison? f) people not in love?

2641


How the sub ledgers(AP, AR) integrate with GL liability and receivable

2024


what is the document spliting?

2106


Expand ________FOR

2172


What are the general Ledgers?

1946


In what cases can Convertible bonds be considerred as derivatives?

2272


Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry

1918