Interested to Buy Any Domain ? << Click Here >> for more details...
What is the three golden rules in Accounts ?
- 7 Answers
- 10472 Views
- Genpact, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / susan thomas
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 incomes and gains
| Is This Answer Correct ? | 60 Yes | 1 No |
Answer / chandrakala
Debit what comes in
Credit what goes out
Debit the receiver
Credit the giver
Debit all expenses and losses
Creit all incomes and gains
| Is This Answer Correct ? | 41 Yes | 1 No |
Answer / krishna.g
personal account=debit the receiver and credit the giver
real accountant=debit what comes in and credit what goes out
nominal accoutant=debit all expenses& losses and credit all
incomes & gains
| Is This Answer Correct ? | 10 Yes | 1 No |
Answer / gouthami
1. personal accounts
debit-the receiver
credit-the giver
2.real accounts
debit-what comes in
credit-what goes out
3.nominal accounts
debit-all losses and exepenses
credit- all incomes and gains.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / jana
personal a/c
debiter-the receiver
crediter-the giver
real a/c
debit-what comes in
credit-what goes out
nominal a/c
debit-expenses&losses
credit-incomes&gain
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / syed asif
1) Personal A/c
Debit the receiver
Credit the giver
2) RealA/C
Debit what comes in
Credit what goes out
3) Nominal A/C
Debit all Expense and Losses
Credit all Incomes and Gains.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / lijeesh
Debit what comes in
Credit what goes out
Debit the receiver
Credit the giver
Debit all expenses and losses
Creit all incomes and gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Diff between Income & Expenditure A/c AND P/L a/c.
Following information is given to you: Year - Sales - Cost 2009 - 200000 - 205000 2010 - 300000 - 310000 Calculate: 1. P/V Ratio 2. BEP 3. The amount of profit or loss were sales are Rs. 325000 4. The amount of sales required to earn a profit of Rs. 5000 5. Margin of Safety for the year 2010
What is the difference between accounts and finance ?
How we can write in figure RS (Eleven Lacs Eleven Thousand Eleven Hundred and Eleven rupees). Please suggest me write answer.
10 tv's purchased from x- company for cash out of that one tv is damaged what is the entry we done in tally?
Why the provision is considered as expense and reserve is considered as liability even if they both are allocated as precautionary for specific and general purpose? pls Explain.
What will be entry for that: Busines strarted with brrowed cash Rs. 25000 from Mr. X. if capital will be creadit. ???????????????????????WHY????????????????
How many accounting standards are currently published?
Purchases book records: (a) All cash purchases. (b) All credit purchases. (c) Credit purchases of goods in trade. (d) None of the above.
which voucher is created when cash is withdrawn from bank for office use?
your company by machinary for Rs 3000000/-, what will be the maximum term lean avaible form bank?
hi i m an mba finance fresher. i need an oppurtunity to grew up my life ambitions. please tell me what are the sources to fulfill it. i got distinction in mba finance in the andhra university campus..please suggest me or show me a way to get an oppurtunity in your companies
Audit 
