Answer / v.k.tanseer shadab

The term golden rules reffers to the three basic principle
is to be followed in double entry system of book keeping.
based on the a/c, normally a/c may be classified into two
types. viz.personal & Impersonal
In Personal - all Natural & Artificial person a/c is
considered.
where as in Im personal - Real & Nominal in taken in
consideration

Rule 1.for Pesonal A/c is Debit= The Receiver of Benefit
Credit= The Giver of Benefit

Rule 2.for Real A/c is Debit= What comes in
Credit= What goes out

Rule 3.for Nominal A/c is Debit= All Expenses and Losess
Credit= All Incomes and Gains

Answer / karthi

real account

personal account

nominal account

Answer / ajit kumar

personal accounts
dr. recever's account
cr. giver's account
real account

dr. what come in (things)
cr. what goes out(things)
real account

dr. all expenses in compamy
cr. all encomes in company

Answer / pooja

Real Account-dr what comes in
cr what goes out

Personal Account-dr the reciver
cr the giver

Nominal Account -dr the gains and expenses
cr the income and loses

I have recieved a payment from hmrc on Friday morning and by the afternoon it was removed from my bank account by contra entry what does this mean? Will I recieve the money?

2 Answers   ME,

---

6- What do you mean by purchase merchandise; assets or expense?

2 Answers  

---

I want to be an accountant so what so i do for been a good accountant...please tell me as soon as possible

3 Answers  

---

If salary paid per month Rs.60000/-I will deduct TDS from his salary per month

1 Answers   Sunrise,

---

what is cash on account?

1 Answers   DuPont, Genpact,

---

How tha valuation of Inventory should be done?

3 Answers   Deloitte,

---

What is Use of Reversing Journal(F10)& Optional Voucher(Ctrl+L) in Tally erp9?

4 Answers  

---

how to answer tell me about yourself in an interview?

7 Answers   Genpact, Hindustan Adhesives, InTouch, TATA, Wipro,

---

what is accounting

2 Answers  

---

What is sweep account

2 Answers  

---

in year end Balance sheet current liabilities is showing negative balance of re.-1/- how to write off the negative figure? pls help..

1 Answers  

---

How to pass accounting entry for a tender cost and under which head? and how to show joint venture in venture's accounting books?under which head?

0 Answers   Srp Khanij,

---