What are the 3 Basic Rules in Accounting.

Answer Posted / akshata

Personal A/C - Dr. the receiver
Cr. the giver
Real A/C - Dr. what comes in
Cr. what goes out
Nominal A/C - Dr. all expenses & losses
Cr. all income & gains

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

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

1746


euro currency market

1483


what is Rectification of Errors ?

1775


what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?

1686


tell me about roll model as father

1723






Nature of training account with reason

1115


Expand---------NMOP

1604


what type of a/c these accounts are are tey real, nominal or personal (1)realisation a/c (2)new company a/c(3)equity share holders a/c

1811


Whether construction of office cum storage comes under CMA under Agriculture or Non Farm Sector

1218


what is circuit filter?

1499


What is the mening of uidnvhe.?

2459


EXPAND______________ICC

1752


You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000

1483


What is Merchandising Accounting process

1611


what are the seven accounting rules

1687