Interested to Buy Any Domain ? << Click Here >> for more details...
What are accounting Principles?
- 152 Answers
- 334574 Views
- Accounting, Banking, Eskom, EXL, Finance, Fluor Daniel, Genpact, HSBC, IBM, Infosys, JPMorgan Chase, State Bank Of India SBI, Syntel, Vibha Seeds, Wipro, Wrox, I also Faced
- E-Mail Answers
Answer Posted / anubhav
Accounting Principles are:
Personal Account: Debit the Receiver and
Credit the Giver.
eg. Bank a/c, Capital a/c, Outstanding Expenses/ Incomes.
Property /Real Account: Debit what Comes In and
Credit what Goes Out.
eg. Purchase a/c, B/R a/c, Patent a/c, Cash a/c.
Nominal Account: Debit all Expenses and Losses and
Credit all Gains and Incomes
eg. Salary a/c,Stationery a/c,Depreciation a/c,Interest a/c.
| Is This Answer Correct ? | 0 Yes | 1 No |
Post New Answer View All Answers
How many types of debit card do the banks provide to their customers in india?
Explain about trims.
Why Do We Need The Single Supervisory Mechanism?
How does the default risk premium being calculated?
What is accretion accounting?
What do you know about Pay Pal?
Explain what is secondary markets? What is the difference between the secondary and primary market?
How many types of repos are available in international market when classified with regard to maturity of underline security, pricing, terms of repo etc.?
What's SLR?
What is the difference between Partnership and Company ?
Tell us about internet security and threats and how as software engineer can you contribute to NABARD?
What is the full form of swift?
What is NEFT / RTGS?
What Should I Do If I Discover That I Forgot To List A Creditor In The Bankruptcy Schedules?
What is CBS (Core Banking Solution)?
