Interested to Buy Any Domain ? << Click Here >> for more details...
What is the 3 basic rules in accounting by account?
What is the 3 type in basic rules?
- 6 Answers
- 7955 Views
- I also Faced
- E-Mail Answers
Answer Posted / guest
There are 3 types of accounts namely
1.Personal account
2.Nominal account
3.Real account
Rule for personal account
*debit the receiver
*credit the giver
Rule for nominal account
*debit all expenses & losses
*credit all incomes &gains
Rule for real acount
*debit what comes in
*credit what goes out
| Is This Answer Correct ? | 2 Yes | 0 No |
Post New Answer View All Answers
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
If its is declared by auditor that business is not going concern that what journal entry will be pass?
who introduces the single entry format?
what is non stock?
a) What are the Golden Rules of Accounting? What are the 14 Principles of Accounting
Short Answer on __________Event
You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger
Define Payee
EXPAND______________IARCS
Expand--------SOT
What is Split And buy-back?
Give a brief explanation of the fundamental accounting concept of prudence
what is the nature of bill receivable and consignmenta/c
WHAT ARE EQUITY SECURITIES?
Short answer on _______Amendment
