what are accounting principles

Answers were Sorted based on User's Feedback



what are accounting principles..

Answer / raju malode

PERSONAL A/C
DEBIT THE RECEIVER......
CREDIT THE GIVER........

REAL A/C
DEBIT WHAT COMES IN.....
CREDIT EHAT GOES OUT....

NOMICAL A/C
DEBIT ALL EXEPENSES AND LOSS.....
CREDIT ALL INCOM AND GAINS.......

Is This Answer Correct ?    39 Yes 5 No

what are accounting principles..

Answer / spsiva.mba.

Accounting Principles may be classified into two catagories
as follows.

1.Accounting Concepts.2.Accounting Conventions.

Accounting Concepts are,1.Businessy Entity Concept.2.Dual
aspect Concept. 3.Going Concern Concept.4.Cost Concept.
5.Accounting Period Concept.6.Accural Concept.7.Matching
Concept.8.Historical Record Concept.9.Money Measurement
Concept.

Accounting Conventions are,
1.Disclosiry.2.Materialty.3.Conservatio.

Is This Answer Correct ?    33 Yes 1 No

what are accounting principles..

Answer / shashi kiran

Personel Account:
Debit the receiver & Credit the giver.

Real Account:
Debit what comes in & Credit what goes out.

Nominal Account
Debit all Expenses & lossed & Credit all Incomes & Gains.

Is This Answer Correct ?    10 Yes 2 No

what are accounting principles..

Answer / chandu

accounting principles means accounting concepts and accounting conventions.

Is This Answer Correct ?    2 Yes 0 No

what are accounting principles..

Answer / sumathi jeevan

Personal A/c
Nominal A/c
Real A/c

Is This Answer Correct ?    7 Yes 6 No

what are accounting principles..

Answer / mitali jain

Accounting principles are specific methods adopted by
enterprise which are applied in the preparation and
presentation of financial statements.

Is This Answer Correct ?    1 Yes 0 No

what are accounting principles..

Answer / bhargavi

accounting principles are

1) personal a/c
2) nominal a/c
3) real a/c

Is This Answer Correct ?    0 Yes 0 No

what are accounting principles..

Answer / sanjay gupta

Debit the giver credit teh receiver
Debits what comes in credit whay goes out
Debit all expenses & loss credit all teh profits & Income.

Is This Answer Correct ?    13 Yes 15 No

Post New Answer

More Accounting AllOther Interview Questions

difference between options and futurs

1 Answers   Karvy,


1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.

0 Answers   IBM,


whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector

0 Answers   Nabard,


Which are Accounting Standers?

2 Answers  


expand-------TSR

1 Answers  






What is Goods Receipt Note? and its current format

12 Answers   DelCor, Mayuka Labs, Price Waterhouse Coopers,


What is exact difference b/w Accounts and finance

5 Answers   IBM,


WHILE CALCULATING STOCK TURN RATIO WHY WE TAKE AVARAGE STOCK

1 Answers  


EXPAND_________TAN

2 Answers  


Expand A C

1 Answers  


What is the difference between Deffered Tax Assets & Deffered Tax Liabilities

0 Answers   TCS,


What is the nature of Bills Receivable account, I mean is it a real account or personal a/c?

11 Answers  


Categories