Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

What are the basic rules in accounting.

Answer Posted / harindra sahani

Ther are three basic rules use in accounting


REAL ACCOUNTS Debit what comes in
Credit what goes out

NOMINAL ACCOUNTS Debit all losses & expenses
Credit all income andrevenues

PERSONAL ACCOUNTS Debit all receiver
Credti all giver

Is This Answer Correct ?    6 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Whether Advance against property to be included in Loans & Advances while referring to section 185 & 186 of Companies Act, 2013?

1934


What is the mean of statutory audit?

1150


I WANT TO DO MY ARTICLE-SHIP FROM DELLOITS KOLKATA..PLEASE HELP??

2074


what is the reason for controls in an IS environment?

1995


purchase price of property purchased within last 3 years is to be relied upon not and not on revalued amount for the purpose of loan against properties.

2126


What are the basic principles of an internal audit controlsystem?

1125


How can i disable closing stock in trial balnce in tally?

2654


What are the essential of internal audit?

1191


promotions of a new apointed auditor in cgda.

2404


Why there is no opening balance for Profit and Loss Account?Refer me Detailed explanation. Thank you.

1436


What was your most rewarding accomplishment of your career and why

3310


hi friend i have selected in ssc cgle as accountant in audit department. can anyone tell about the work of accountant in audit department?

2256


Explain the difference between internal audit and statutory audit?

1164


What sort of image do you have?

1942


i am working in a company as wholesale in saudi arabia.i am one of the new.we are supplying to some hyper market. they will issue the money as cheque and they will send the cheque amount and invoice details also.then how can i reconcile our statement with use of that cheque details

1471