Interested to Buy Any Domain ? << Click Here >> for more details...
What are the golder rules of Accounts ?
- 35 Answers
- 88319 Views
- Abhipra, Accenture, Bajaj Allianz, Blue Star, Genpact, HP, IBM, TCS, Wipro, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / siva
The Accounting rules are 3 tipe
Rule 1(Personal a/c):- Debit the receiver,credit the giver.
Rule 2(Real a/c) :- Debit what comes in,Credit what goes
out.
Rule 3(Nominal a/c) :- Debit all expences and losses,
Credit all incomes and gains
| Is This Answer Correct ? | 20 Yes | 0 No |
Answer / palakkalfirst
If cash is withdrawn through issue of cheque
Cash Dr.
Bank a/c Cr.
This will result in reduction in bank balance and increase
in the cash balance with you.
| Is This Answer Correct ? | 21 Yes | 2 No |
Answer / kailash
personal A/c-Debit the receiver
Credit the Giver
Real A/c - Debit what comes in
Credit what goes out
Nominal A/c - Debit all expenses and losses
Credit all Income gain and profit
| Is This Answer Correct ? | 19 Yes | 0 No |
Answer / smitha
personal account:debit the receiver
credit the giver
real account:debit what comes in
credit what goes out.
Nominalaccount:debit all expenses and losses
credit all income and gains.
| Is This Answer Correct ? | 18 Yes | 0 No |
Answer / satya
1.Real Account- Debit what comes in
Credit what goes out.
2.Nominal Account- Debit all expenses & losses
Credit all incomes & gains.
3.Personal Account- Debit the receiver
Credit the giver
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / azm
Dear Sir ,
How can i know(differentiate between) if this account is
nominal or real or personnal from the transaction that i
want to do.
suppose i withdraw cheque amount of $1000 from the bank.
what is the debit account and credit account and is it real
or nominal?
| Is This Answer Correct ? | 28 Yes | 14 No |
Answer / jayashri
There are 3 Types in Accounting.
1) Personal A/c
2) Real A/c
3) Nominal A/c
Personal A/c:-
Debit-The Receiver of the benefit
Credit-The Giver of the benefit
Eg:-Capital Introduced by the Proprietor to the business
Rs.5,000/-
Real A/c:-
Debit-What Comes into the Business
Credit-What goes out of the Business
Eg:- Machinary purchased by cash Rs.1,500/-
Nominal A/C:-
Debit-All Expenses And Losses
Credit-All Incomes and Gains
Eg:-Bank Interest Received Rs.500/-
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / parvez parishwadi
Personal Account : Debit the receiver, Credit the giver.
Real Account :Debit what comes in, Credit what goes out.
Nominal Account :Debit the expenditure and losses, Credit
the income and gains....
| Is This Answer Correct ? | 10 Yes | 1 No |
What is meant by consignment
Answered but misspelled pl correc IT Financilas means profit and loss a/c,balance sheet including (Ans.LESSEHEDU)
what do u mean by CRR?
21 Answers Aircel, EBE, Infosys, State Bank Of India SBI,
why should we are preparing BRS
what is F B T?
what is the Meaning W.D.V in balance sheet.
drawings by making a DD from bank ( suppose payable towards UIT ) and on cancellation on such DD what journal entry needs to be passed ?
what is purchase consideration? How does it come about and how is it treated in the books?
Paid the club bills out of his personal funds? state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
bad debts means
can a company libale to pay provident fund on employee's overtime ?
please send me a HSBC basic accounting question & answers to my mail id.
Audit 
