what is basic accounts rule?
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Answer Posted / prasanna
accounting means not only calculation of income &
expenditure. there are 3 typs of account golden rules which
describes the organisational financial details with the
help of these three rules.
1) nominal
2) real
3)personal
& for that all ruls are there.
for 1st all exp.are debited all gain is credited
2nd debit what comes in credit what goes out .
3rd debit the reciver & credit to giver.
this are the basic rules of accounting
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