Interested to Buy Any Domain ? << Click Here >> for more details...
Accounting golden rules?
- 3 Answers
- 6633 Views
- ACS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / pooja rani
There is a 3 golden rules of accounting
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 INCOMES AND REVENUES
| Is This Answer Correct ? | 22 Yes | 1 No |
Answer / akash
1.debit is the receiver & credit is the giver
2.debit what comes in & credit what goes out.
3.all expenses and losses are debit & all income and gains
are credit
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ashit kumar mallick
There is a 3 golden rules of accounting
1. PERSONAL ACCOUNT
2- IMPERSONAL ACCOUNT
Personal Account is divided 2 part that is called PERSONAL
ACCOUNT & REAL ACCOUNT
1 .Personal Account= Debit is the receiver Credit is the
giver
2 Real Account= Debit what comes in & Credit what goes out
IMPERSONAL ACCOUNT
Divided in 1 part that is called NOMINAL ACCOUNT
Nominal Account= Debit all expenses & losses Credit all
incomes & gains
| Is This Answer Correct ? | 1 Yes | 2 No |
how to enter the tender refund amount in tally ?
A sole trader run a business, and he takes every month fixed salary, he says this salary should not be affect in profit and loss a/c, he wants this salary transfer to his capital a/c, means he wants increased his capital - My question is as per the accounting system is it possible?
please explain all accounting concepts n conventions in detail
What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.
what are contingent liabilities?
what are the entries when we sold goods on credit to some x person ? also when we sold goods for cash?
f-form is issued for transfer of good.is issued on purchsing amount or sale amount on which tax is paid.
Write about the media role in daily life
What is contra entry?
What is the difference between costing and cost accounting?
BRS
2 Answers Akzonobel, BEL, Chartered Accountant,
u paid cash to supplier in advance for purchasing goods in future? so what will be the entry in tally?
Audit 
