Interested to Buy Any Domain ? << Click Here >> for more details...
what are the golden rule of accounting.
- 17 Answers
- 42034 Views
- Patni, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / swati shinde
There are three accounts
1. Personal
2. Real
3. Nominal
The three golden rules are
1. personal Account
Debit the receiver & Credit the giver
2. Real Account
Debit what comes in & credit what goes out
3. Nominal Account
Debit the expenses & Losses & Credit the Income & gain
| Is This Answer Correct ? | 309 Yes | 7 No |
Answer / vinodkumar
There are Three golden rules in accountings
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 ? | 83 Yes | 7 No |
1. Debits always equal credits
2. Increases do not necessarily equal decreases and,
3. Assets - liabilities = owner's equity (the accounting
equation).
and
There are three accounts
1. Personal
2. Real
3. Nominal
The three golden rules are
1. personal Account
Debit the receiver & Credit the giver
2. Real Account
Debit what comes in & credit what goes out
3. Nominal Account
Debit the expenses & Losses & Credit the Income & gain
| Is This Answer Correct ? | 72 Yes | 14 No |
Answer / g krishna
1) debit the receiver and credit the giver
2) debit what comes in credit whats goes out.
3) debit all expences and loses and credit all income and
gains.
| Is This Answer Correct ? | 49 Yes | 7 No |
Answer / nirmal
1. PERSONAL
2. REAL
3. NOMINAL
PERSONAL - DEBIT THE RECEIVER
CREDIT THE GIVER
REAL - DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL - DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
| Is This Answer Correct ? | 38 Yes | 4 No |
Answer / prabhakar reddy
1. Debits always equal credits
2. Increases do not necessarily equal decreases and,
3. Assets - liabilities = owner's equity (the accounting
equation).
| Is This Answer Correct ? | 83 Yes | 56 No |
Answer / parisa siva koteswara rao
Three are two golden rules in accountings
1.Personal account
2.impersonal Account
impersonal account again two rules
1 real account
2.nominal account
personal account means:
Debit the receiver, credit the giver
Real account means:
Debit what comes in., Credit what goes out
Nominal account means:
Debit all expenses and losses,credit all incomes and
gains
| Is This Answer Correct ? | 36 Yes | 10 No |
Answer / anshad
asset- increase -debit
asset - decrease - credit
liability-increase-credit
liability- decrease - debit
expense - increase - debit
expense - decrease - credit
income - increase - credit
income - decrease - debit
| Is This Answer Correct ? | 45 Yes | 21 No |
Answer / suraj bepari
There are three accounts
1. Personal
2. Real
3. Nominal
The three golden rules are
1. personal Account
Debit the receiver & Credit the giver
2. Real Account
Debit what comes in & credit what goes out
3. Nominal Account
Debit the expenses & Losses & Credit the Income & gain
In a short form & easy to understand ----
asset- increase -debit
asset - decrease - credit
liability-increase-credit
liability- decrease - debit
expense - increase - debit
expense - decrease - credit
income - increase - credit
income - decrease - debit
| Is This Answer Correct ? | 24 Yes | 7 No |
Answer / antony raj
personal account
debit receiver
credit giver
real account
what comes in
what goes out
nominal account
expenses and losses
income and gain
| Is This Answer Correct ? | 19 Yes | 6 No |
What is the purpose of a bank reconciliation statement?
two sales synonyms
EXPAND______________RRC
hello I want to know that how export any ledger to excell from tally 5.4
In SAP FICO How many ways we are Procuring the assets in the Company?
what is contract note?
how to calculate stt
PURCHASE LABOUR CHARGE FROM R.K.DAS RS.6950AND TDSAPPLICABLE -
What is State Cheque?
Expand I I C
WHAT IS ACOUNT PAYABLES AND ACCOUNT RECIEVABLES?
Expand Q R
Audit 
