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3 principles of accounting
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Answer / pravi
Personal Account-Debit the receiver and credit the giver
Real Account - debit what comes in credit what goes out
Nomial Account -debit all expenses and incomes and credit
all losess
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / reginold sanjeev
Personal Account
Real Account
Nomial Account
| Is This Answer Correct ? | 10 Yes | 5 No |
Answer / shailaja
The principles of accounting is basically under 3 types
personal account
real account
nominal account
personal account comes as dr- the receiver, cr- the giver
real account comes as Dr- what comes in , cr_what goes out
nominal account comes as Dr-all expenses d incomes, cr- all
loses and gains.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / mayur chavare
1) Real Account
2) Nominal Account
3) Personal Account
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / suneel
The 3 principles of accounting are,
Prudence,materiality and Substance over form
| Is This Answer Correct ? | 7 Yes | 4 No |
Answer / suneel
I guess those three are Fundamental accounting "assumptions"
and not principles Ms. Asha...
| Is This Answer Correct ? | 3 Yes | 0 No |
Dr. The Receiver & Cr. the Giver (for personal Account)
Dr. what comes in & Cr. what goes our (for real Account)
Dr. all expenses/losses & Cr. all incomes/revenue (for
nominal Account)
| Is This Answer Correct ? | 2 Yes | 0 No |
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