What are the 3 Basic Rules in Accounting.

Answer Posted / sukhbir

1 debit the reciver
credit the giver
2 debit what comes in
credit what gose out
3 debit all the expenses and losses
credit all the income and gains

Is This Answer Correct ?    20 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How can someone prepared for Syndicate Bank Interviw? Do interviewer going to ask any aptitude questions or will it be similar to other PO Interviews? Answers solicited..

1543


what are the accounting ratios

2001


How do you avoid loss situation

1499


how an accountant can do budgetery controls of expenses?

1700


What is re-financing in Letter of Credit settlement

1543






what is the uniform public construction cost accounting act?

1600


what is difference between account and accounting

1323


what is the difference between sap and sas?

3354


How to raise my credit score if I have 500 credit score?

1567


What is Summarising

1874


why the closing stock is not considered in drawing trail balance.... Are there any other items like the above

1945


hi gurus , plz can anybody forward ur cv of accounts/finance related , exp of 4+ years to afreenjuveriya@yahoo.com

1916


1.tell about urself? 2.wt is BRS? 3.VAT? 4.Golden principle of accounting?

2019


OUR BOOKS & ITR MISMATCH FOR RS.15000/- ON ACCOUNTS OF TDS ON RECIEPTS FY-09-10 . KINDY GIVE CORRECTION ENTRY TO MATCH THE BOOKS WITHI ITR. DEVENDRASINGH086@GMAIL.COM

1554


How good are you at Finance?

1665