What are the 3 Basic Rules in Accounting.

Answers were Sorted based on User's Feedback



What are the 3 Basic Rules in Accounting...

Answer / ajinath phuke

Personal a/c
Debit the recevier
Credit the giver

Nominal a/c
debit all expences &loss
Credit all incom& gains

Real a/c
debit what come in
Credit what goes out

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / kailasam

Personal A/c
Dr:-"Debit the receiver
cr:-credit the giver"

Real A/c
Dr:-"Debit what comes in"
cr:-"credit what goes out"


Nominal a/c
Dr:-"Debit all expenses and lossess
cr:-credit all incomes and gains"

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / mahesha c

1) personal accounts
Debit is the receiver.
Credit is the giver.
2)Real accounts
Debit what comes in.
Credit what goes out.
3)nominal accounts
Debit all expenses & losses.
Credit all income & gains.

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / sujeet

what type ac in real ac nominal ac personal ac
1 1

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / funny sharma

1+2X0=
1+4+4+4+4+4-2X0-1+4=
0X10+5+5-0+5=

ITS REAL ACCOUNT

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / weldon vel

#ACCOUNTING RULES#

PERSONAL ACCOUNT:
Debit the receiver.
Credit 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 ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / mohammed mubasheer ali khan

Golden rules of accounting
1)personal a/c
2)nominal a/c
3)real a/c

PERSONAL A/C: debit is the receiver
credit is the giver


real a/c:What comes in ------ Dr
What goes out----- Cr

nominal a/c :All expenses and losses--Dr
All income and gains-------Cr

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / ruksar khan

1) ASSETS = liabilities + Capital

2) what comes in DR.
what goes out CR.

3) Debit all exp&loss and credit all incomes and gains

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / abhijeet yadav

1.Real Account
what comes in Dr
what goes out Cr

2.Personal Account
Reciver is Dr
Giver is Cr

3.Nominal Account
All Expenses Dr
All incomes Cr

Is This Answer Correct ?    0 Yes 0 No

What are the 3 Basic Rules in Accounting...

Answer / akshata

Personal A/C - Dr. the receiver
Cr. the giver
Real A/C - Dr. what comes in
Cr. what goes out
Nominal A/C - Dr. all expenses & losses
Cr. all income & gains

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

Expand SOIT

2 Answers  


What is Provate Placement?

6 Answers   Capital IQ,


Expand---------BRT

2 Answers  


wat is extended price??

2 Answers   BPL, Genpact,


What is audit,auditing?

4 Answers   Wipro,






What is difference between profit, revenue?

19 Answers  


What is Capital Structue?

1 Answers   Capital IQ,


Concept of forward/futures, call/put option, arbitrage, hedging, speculation, collateral management?

2 Answers   Mellon,


Mr.Jadhike owns a fleet of taxis adn the following information are available from the records maintained b him: 1.Number of taxis 10 2.salary of manager 600pm 3.cost of each taxi 20000 4.salary of cleaner 500pm 5.salary of mechanic 400 pm 6.garage rent 600pm 7.insurance premium 5%pa 8.annual tax 600 per taxi 9.driver salary 200 pm per taxi annual repair 1000 per taxi total life of a taxi is about 200000 kms. a taxi runs in all 3000kms in a month of which 30% it runs empty. Petrol consumption in one litre for 10kms@1.80 per litre. Oil and other are rs 5 per 100 kms calculate the cost of running a taxi per km 5

2 Answers  


i dono how to calculate vat pls help me

5 Answers  


what is Derivative Documentation,Derivative Settlements,Derivative confirmation?

0 Answers   UBS,


1. what is responsibility of inword & forward agent ? 2. how to control cash expenses give five step ? 3. what is Vat 3. how many type of depreciation

0 Answers   ITC Infotech,


Categories