what is golden rule of accounting
- 2 Answers
- 4772 Views
- Ahmed Amin Group, TATA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / pradipta
There are 3 golden rules of Accounting
Personal account: Debit is the recevier, Credit is the giver
Real account: Debit what comes in, Credit what goes out.
Nominal account:Debit all expenses and losses & credit all
incomes and gains.
| Is This Answer Correct ? | 29 Yes | 0 No |
Answer / gaurav bhardwaj
Three golden rule of account
Personal Account- Dr. The Receiver
Cr. The Giver
Real Account- Dr. What Comes in
Cr. What goes out
Nominal Account- Dr. all exp. & losses
Cr. all income & profit
| Is This Answer Correct ? | 7 Yes | 0 No |
What is the double entry system explain its rules with examples?
What is accounts receivable?
1- what is cash flow and fund flow 2-Defference between TDS and TCS
What are the disadvantages of double entry system?
What is bank reconcilation a/c
I have passed in SBI clerical exam 2009 , pls tell me what question will be asked for interview .pls mail it on my email id sawant.supriya51@gmail.com
why current ratio is 2:1.why it is not 100:1,10:1,20:1 in current ratio. please tell me....
what is the princple of debit & credit?
you have get 100RS but no 10RS note is required & there should be only 10 notes
i take a loan of 500000 rs. From ICICI bank, after 6 months i paid all from SBI bank. How can i make jv entry?
How do you deal with a dishonoured cheque in the client trust account records. Manual or computer system?
Tell me in balance sheet, where do you show tds?
Audit 
