Interested to Buy Any Domain ? << Click Here >> for more details...
golden rules of accounting?
how bank earn profit?
- 10 Answers
- 36575 Views
- Bank Of America, I also Faced
- E-Mail Answers
Answer Posted / k. madhusudhan
Answer for - "Golden Rules of Accounting?"
Golden Rules of Accounting:
There are totally 3 kinds of Accounts in Financial
Accountancy. They are
1. Personal Account - relates to name of the person,
organization, institution etc.
2. Real Account - relates to cash, assets.
3. Nominal Account - relates to incomes, expenditures,
losses and gains(profits).
These three kinds of accounts contains 2 rules each,
which are as follows.
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 expenses and losses"
Credit "all incomes and gains"
These are the three Golden Rules of Accounting.
Answer for "How Bank Earn Profit?"
Bank earn profits from the interest rates collecting
from various types of loans. i.e., Bank offers less rate of
interest on deposits and makes high rate of interest on
loans and through this bank earn profit.
| Is This Answer Correct ? | 64 Yes | 4 No |
Post New Answer View All Answers
plz send me the apptitude question papers of wipro
Why closing stock appears both in trading and Balance sheet? Why does it doesnot appear in trail balance.
what is article of association? what is memorandum of association?
plz send me hsbs finance questions asked in the interview ans appitude also
where we have file E-returns in SAP FICO-CIN/Wtax?
what is ledger account
what are the financial ratios that a manager see in accounting?
What is the Memorandum voucher?
why are you selecting for the controlling area same company code?
What is communicating
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
What is the Assets & Liabilities?
EXPAND___________NAA
i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?
What are different types of reports made in tally
