What are the 3 Basic Rules in Accounting.
- 167 Answers
- 564373 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 / weldon vel
#ACCOUNTING RULES#
PERSONAL ACCOUNT:
Debit the receiver.
Credit the giver.
REAL ACCOUNT:
Debit what comes in.
Credit what goes out.
NOMINAL ACCOUNT:
Debit all expenses and losses.
Credit all incomes and gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
how enter service bill in the tally and what is the process of service bill. aganst service charge @ 10.3%, sercharge 2% cess 1%
What elements of your job do you find most difficult
why you want to join the banking and finance industry?
how to do the recurring entries or steps to follow that
service tax form no ? What is CC Limit ? What is branch accounts?
Expand-------CSNA
Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?
Let me know the difference between cash flow and free cash flow
Short answer on Amalgamation
what is mean by traditional accounting ?
Can v transfer trail balance to journal entry how and with example?
who is the pramotar?
Expand ________FIPB
What are the stages involved while preparing business blue print with examples?
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
