Interested to Buy Any Domain ? << Click Here >> for more details...
What are the 3 Basic Rules in Accounting.
- 167 Answers
- 602717 Views
- AAA, ABC, Accenture, Amba Research, Birla Sun Life, CTS, CWDF, DELL, Franklin Templeton, iGate, IHP, JPMorgan Chase, Lexi Pens, Mastek, Trinity Technologies, VC Engineering, I also Faced
- E-Mail Answers
Answer Posted / kishanlal mayaram kori
In case of Personal Account
like Vijay's, Kishan's
bank accounts etc.
1. Debit to receiver
Credit to giver
In case of Real account
like Machinery, Goodwill,
etc accounts
2. Debit what comes in
Credit what goes out
In case of Nominal account
like Profit or loss,
Expenses or gain..
3. Debit All Exp /Loss
Credit Income/Gain
Note : Above three are the
basic rules of Accounting.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI
what is the uniform public construction cost accounting act?
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
What is mean by Reserve on Consolidation?
where we use the convetion of conservatisam in real life??
What is Home Loan Modification?
How to caluculate the value of Corporate Profit, the value of personal savings and the value of indirect tax?
Hi Iam Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Officer's post. Please help me I f u can. thanx in advance
Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry
what is the document spliting?
what are your plans after completing your MBA (or) studies ?
what is purchase tax in rajasthan.
what is meant by cash purchase?
what is the process of excise duty?
define accounting,scope of account , types of account ?
