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 3 rules of accounting

Answer Posted / satyanarayana raju

the three rules of accounting are
Personal accounts-debitthe receiver from the business
credit the giver to the business
real accounts-debit what comes into the business credit -
what goes out of the business
nominal accounts-debitall expenses and losses of the
business credit-allincomea and gains of the business we
must use business related things for clarity

Is This Answer Correct ?    9 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Expand---------MNOP

2031


Apportion Nett profit of rs 325600 among the partners A,B,C and D as per sharing ratios of 26%,13%,32% and the balance to D.Pass journal entry

1909


Could u show me the sample TDS Document / Template

2077


what is differred tax liability? explain in detail with some example.

2971


What is Financial planning?

2042


Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

1933


What is the process of VAT & CST Registration?

2509


Explain valuation methods of Normal and Abnormal loss

2032


what is the procedure of interview question in genpact

2197


Mostly what type of manufactures are coming under TDS and basic rate for each category

1950


Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1865


please tell me questions asked in NICMAR for the post of accounts executive

4009


fridge was capital or revenue?

2415


What do you mean Business

2249


reason for difference in Balance sheet (Asset side & Liabilites side)

2016