What are accounting Principles?
Answer Posted / randhir rout
1.Personnel Account:- Deals with person individual often
company extra.
* Debit the receiver
* Credit the giver
2.Real Account:- Real accounts are those which are tangeble
in nature an which the business owns.
* Debit what comes in
* Credit what goes out
3.Nomial Account:- These are accounts other than personel
and real includes expences, losses, incomes and gains.
* Debit all expences and losses
* Credit all incomes and gains
Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
any one can explain the Dealer Management in the automobolie company?
What Will Happen To My Home And Car If I File Bankruptcy In California?
What are the most essential qualities of a Banker?
What is the role of WTO in stimulating the Indian economy?
What Was The Purpose Of Setting Up Nabard?
What is LAF?
What advice would you give to the customer to avoid bad debt?
What are the different types of financial reporting?
What are public deposits?
What are the disadvantages of equity shares?
What is 'digital signatures' (ds)?
What causes Sub- prime crisis?
what are the expected questions for the excutive position?
What are your views on social networking sites?
What is a lease agreement?