Explain the golden rules of accounting?
Submitted by: AdministratorReal Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
Personal Account : Debit the giver
Credit the received
Real Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
Personal Account : Debit the Receiver
Credit the giver
Submitted by: Administrator
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
Personal Account : Debit the giver
Credit the received
Real Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
Personal Account : Debit the Receiver
Credit the giver
Submitted by: Administrator
debit wt comes in & credit wt goes out...
debit the receiver credit the giver...
debit al exp & losses credit al gains & income...`
Submitted by: Ronak Jain
debit the receiver credit the giver...
debit al exp & losses credit al gains & income...`
Submitted by: Ronak Jain
Read Online CA (Chartered Accountants) Job Interview Questions And Answers
Top CA (Chartered Accountants) Questions
| ☺ | Explain the golden rules of accounting? |
| ☺ | Explain What is BOP? |
| ☺ | Explain What are the disadvantages of mixed economy system? |
| ☺ | Explain Trade discount, discount and rebate? |
| ☺ | Explain What is inflation and how is it measured? |
Top Business and Economics Categories
| ☺ | Taxation Interview Questions. |
| ☺ | Economics Interview Questions. |
| ☺ | Accounts Receivable (AR) Interview Questions. |
| ☺ | General Ledger Interview Questions. |
| ☺ | Fixed Assets Interview Questions. |
