Accounting Question:
Download Job Interview Questions and Answers PDF
What are the golden rules of accounting?
Answer:
Personal-
Debit the receiver
Credit the Giver
Real-
Debit what comes in
Credit what goes out
Nominal-
Debit all expenses and losses
Credit all income and gains
Debit the receiver
Credit the Giver
Real-
Debit what comes in
Credit what goes out
Nominal-
Debit all expenses and losses
Credit all income and gains
Download Accounting Interview Questions And Answers
PDF
Previous Question | Next Question |
Can I take service tax on freight outward? | What is the TDS effect in balance sheet if TDS receipts? |