What are accounting Principles?
Answer Posted / sirisha
there are 3 types of accounting principals
1. personnel accoumt:- debit the receiver and credit the
giver,
2. real account:- debit what comes in and credit what goes
out.
3. nominal account:- debit all expenses and losses and
credit all gains and incomes
Is This Answer Correct ? | 2503 Yes | 364 No |
Post New Answer View All Answers
What is cash reserve ratio (crr)?
What is Minimum savings bank interest and who fixes it?
What is the short cut to cancel a day book or list of vouchers in Tally ERP 9?
Walk me through a DCF…
What are G-secs?
What is typically higher the cost of debt or the cost of equity?
Explain share capital & reserves and surpluses.
What is Debenture Stock?
What do you know about seventh pay commission?
How To Create User Account?
What is a Fixed Deposit? What is the minimum period of FD?
What is liquid ratio?
Give key differences between BSE and NSE?
Why did Banks get nationalised?
Do you know the concept of Diminishing Marginal Utility?