What are accounting Principles?
Answer Posted / aman
there are three types of accounting principles available:-
1.Personnel Account:- Deals with person individual often
company extra.
* Debit the receiver
* Credit the giver
2.Real Account:- Real accounts are those which are tangeble
in nature an which the business owns.
* Debit what comes in
* Credit what goes out
3.Nomial Account:- These are accounts other than personel
and real includes expences, losses, incomes and gains.
* Debit all expences and losses
* Credit all incomes and gains
Is This Answer Correct ? | 250 Yes | 87 No |
Post New Answer View All Answers
What is overdraft?
Which banking services can be used through information technology (it)?
What is DMAT Account?
Comment on current bank policies.
What are the provisions to protect the interest of small depositors?
Do you know anything about economic survey?
How can your work experience benefit NABARD?
what is equity funding?
what is the main difference between micro and macro economics?
Tell about Plastic Currency?
What is Mark to Market?
What are the recent changes that have taken place in the banking sector?
What Do You Know About Promoters?
What is debt to GDP ratio of a country?
What are commercial papers?