Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

what are the golden rule of accounting.

Answer Posted / vikram singh matiyani

Accounting have three golden rule.
1. personal account
a)credit is always giver.
b)debit is always receiver
2. Real account
a)what goes out credit.
b)what comes in debit.
3. Nominal account
a)all expenses and loss debit.
b)all gain and income credit

Is This Answer Correct ?    1 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Which entry we pass self entry like cash withdraw for ourself

1669


why gross profit transfering to profit & loss account

4367


Name some errors which can be detected by Trial Balance

2200


what is waybill key number & how can it be issue?

2393


euro currency market

2008


I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.

2209


what is mean by traditional accounting ?

2472


HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI

2266


what are all the formulas used in bank to calculate their economy

2160


What is SOX

2235


Aravinda Financiers sanctioned a loan of Rs 250000. A cheque was sent after adjusting processing charges Rs 247250 Pass necessary entry

1977


what is organic profit? and how it is calculated?

2295


differed tax liability

1933


Being BE student why you want to join bank?

2468


if sale aganst c form interstate sale.when i file the return party not give me c form then give by our company wich type panelty give me detail?

1983