What are accounting Principles?
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Answer Posted / dinesh jain
Accounting Principal as like Science who is treat the
Business as like Science Principal .Accounting Principal
Give to Business A power than business Run As like a
aroplan .Accouting Pricipal Debit & Credit System.
there are 3 types of accounting principals
1. personnel accoumt:- debit the receiver and credit the
giver,
2. real account:- debit what comes in and credit what goes
out.
3. nominal account:- debit all expenses and losses and
credit all gains and incomes.
| Is This Answer Correct ? | 7 Yes | 19 No |
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