What are accounting Principles?
Answers were Sorted based on User's Feedback
Answer / padmawathi
THERE ARE THREE
1) .PERSONAL a/C :- DEBIT THE RECEIVER.
CREDIT THE GIVER.
2).REAL a/c :- DEBIT WHAT COMES IN.
CREDIT WHAT GOES OUT.
3).NOMINAL a/c :- DEBIT ALL LOSSES AND EXPENCES.
CREDIT ALL GAINES AND INCOMES.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / rani
personal a/c-capital
persons
bank
company e.t.c
nominal a/c-wages
telephone bill
interest
discount e.t.c
real a/c-cash
bulding
furniture
bills
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / anubhav beniwal
Accounting Principles are:
Personal Account: Debit the Receiver and
Credit the Giver.
Real Account: Debit what Comes In and
Credit what Goes Out.
Nominal Account: Debit all Expenses and Losses and
Credit all Gains and Incomes
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / lovely
Persnol A/c
debit the receiver and the cerdit the giver
Real A/c
debit what comes in and cerdit what goes out
nominal A/c
debit all expenses and losses and cerdit all incomes and
revenues
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / anubhav
Accounting Principles are:
Personal Account: Debit the Receiver and
Credit the Giver.
eg. Bank a/c, Capital a/c, Outstanding Expenses/ Incomes.
Property /Real Account: Debit what Comes In and
Credit what Goes Out.
eg. Purchase a/c, B/R a/c, Patent a/c, Cash a/c.
Nominal Account: Debit all Expenses and Losses and
Credit all Gains and Incomes
eg. Salary a/c,Stationery a/c,Depreciation a/c,Interest a/c.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / m ramu
there are 3 types of accounting principals
1. personnel accoumt:- debit the receiver and credit the
giver,
2. real account:- debit what comes in and credit what goes
out.
3. nominal account:- debit all expenses and losses and
credit all gains and incomes
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / naveen agarwal
THERE ARE 3 ACCOUNTING PRINCIPLES
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 EXEPENSES
CREDIT ALL INCOMES
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / shalini
accounting principles are as follows:
Personnel account: Debit what comes in,
Credit what goes out..
Real account: Debit the receiver,
Credit the giver..
Nominal account: Debit all expenses and losses,
Credit all gains and incomes..
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / ashish
. personnel accoumt:- debit the receiver and credit the
giver,
2. real account:- debit what comes in and credit what goes
out.
3. nominal account:- debit all expenses and losses and
credit all gains and incomes
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sbonelo
debit expences and credit income
asset increase on debit decrease on credit
norminal account increase on credit and decrease on debit
| Is This Answer Correct ? | 0 Yes | 1 No |
hiiiii Respected sir/madam gd morning sir/Madam Can you please give me following questions of answer.? 1) what is the main difference between Current Assests and Fixed Assests? 2) working capital Management? why? which steps requried for working capital management at the statring day of the any type of business? 3) Ratio analysis? why? (Note: 1,on the above questions of answer the following points are exculded) 1) object 2) theory 3) features (Note :2,on the aove questions of answer the follwing points are inculded) 1) Practical oriented 2) aspects of business please reply..................
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