Accenture Interview Questions: What are three golden rules of accounting?

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What are the three golden rules of accounting?

AnswerBot

The three golden rules of accounting are the basis of all accounting practices.

The first rule is the accounting equation: Assets = Liabilities + Equity
The second rule is the double-entry principle: Ev...read more

Sindigeri veeresh

2mo

There are three golden rules of Accounting: 1.Debit the receiver Credit the giver [Personal Account] 2.Debit what comes in Credit what goes out[Real Account] 3.Debit all expenses and losses Credit all...read more

Uma Parvathi

3mo

Karuna Kakarlapudi

3mo

The Three golden are given below: 1. Real Account Debit what Comes in Credit What Goes out 2.Personal Account Debit the Receiver Credit the Giver 3.nominal Account Debit All Expenses & Losses Credit A...read more

Pritam Pawar

3mo

ex -

Clearfast Air Cargo Agencies

The three golden rules of accounting are: Debit what comes in, credit what goes out Debit the receiver, credit the giver Debit all expenses and losses, credit all incomes and gains

Khushi Jaiswal

4mo

3mo 1. Debit is the Receiver and Credit is the Giver. 2 Debit which comes in and Credit which goes out. 3. Debits are losses, expenses etc, but Credits are incomes, gains etc.

vinod kumar

5mo

There are three types of accounting: 1. Personal account: Debit the receiver, credit the giver 2.Real account: Debit what comes in,credit what goes out 3.Nominal: Debit all expenses and losses, credit...read more

Madhavi Madhavi

5mo

The three golden rules of accounting are: Debit the receiver, credit the giver Debit what comes in, credit what goes out Debit all expenses and losses, credit all incomes and gains

Praveen Praveen

5mo

There are three types of account there are 1. Real a/c : debit what comes in credit what's goes out 2.personal a/c : debit the receiver credit the giver 3. Nominal a/c : debit all expenses and gains .

Anonymous

6mo

The three golden rules of accounting are: Debit the receiver, credit the giver Debit what comes in, credit what goes out Debit all expenses and losses, credit all incomes and gains

Anonymous

8mo

1. Debit is the Receiver and Credit is the Giver. 2 Debit which comes in and Credit which goes out. 3. Debits are losses, expenses etc, but Credits are incomes, gains etc.

Kavana G.B

9mo

Personal Real Nominal

Eipsa Patro

9mo

The three golden rules of accounting are 1. Debit all expenses and losses, credit all incomes and gains ( Nominal account) 2.Debit the receiver, credit the giver( personal account) 3.Debit what comes ...read more

Keerthana Anil Kumar

Thre are three golden rules of accounting: 1 REAL ACCOUNT 2 PERSONAL ACCOUNT 3 NOMINAL ACCOUNT this are the 3 golden rules for accounting.

P.Bhargavi

The 3 golden rules of Accounting are, 1)Personal a/c:Debit the reciever and Credit the giver. 2)Real a/c:Debit what comes in and credit what goes out. 3)Nominal a/c:Debit all expenses & losses and cre...read more

Prathamesh Joshi

The three golden rules of accounting are 1) debit all expenses and losses, credit all incomes and gains. 2) debit the receiver, credit the giver. 3) debit what comes in, credit what goes out. These ru...read more

Prathamesh Joshi

1) Personal A/c :- Debit the receiver and Credit the giver 2) Real A/c :- Debit what comes in and Credit was goes out 3) Nominal A/c :- Debit all expenses and losses and credit all incomes and gains

Anitha.v

1) Personal Account: Debit the recevier;Credit the given. 2)Real Account:Debit what comes in ;Credit what goes out.3)Nominal Account :Debit all expenses and losses;Credit all incomes and gains

Mahalakshmi S

1) Personal Account: Debit the receiver; Credit the giver. 2) Real Account: Debit what comes in; Credit what goes out. 3) Nominal Account: Debit all expenses and losses; Credit all incomes and gains.

SUNIL SAINI

1) Personal account The receiver - debit The giver - credit 2) Real account What comes in - debit What goes out - credit 3) Nominal account Expenses & loss - debit Income & profit - credit

R.Gnanasoundarya

Golden rules: Personal Account: Debit the receiver Credit the giver Real Account: Debit was comes in Credit was goes out Nominal Account: Debit all expenses or loss Credit all income or gain

Piyushna Mhatre

Golden Rules of Accounting are 1. Personal A/C - debit the Receiver & credit the giver 2. Real A/C - debit what comes in & credit what goes out 3. Nominal A/C - debit a/c expenses & losses credit a/c ...read more

Deepthi N

(1)Debit all expenses and losses, credit all incomes and gains. (2) debit the receiver, credit the giver, and (3) debit what comes in, credit what goes out.

Mohammed Tousif

1.Debit all expenses and loss,credit all incomes2.debit are the receivers,credit are the giver,3.debit what comes in business,credit what goes out of the business.

Anonymous

The three golden rules of accounting are (1) debit all expenses and losses, credit all incomes and gains, (2) debit the receiver, credit the giver, and (3) debit what comes in, credit what goes out.

Narasimha Damai

Debit what comes in - credit what goes out. 2) Credit the giver and Debit the Receiver. 3) Credit all income and debit all expenses.

GOPI M A

There are three types of accounting one of personal account. Real account. Naminal account. Personal account : debit receiver credit the giver . Real account:debit what comes in create what goes out.:...read more

DINESH KUMAR

Three are types of golden accounting Personal account :Debit the receiver Credit the giver Real account: debit what comes in Credit what goes out Nominal account:debit all expenses Credit all gain and...read more

Anonymous

Debit what comes in credit what goes out Credit the giver debit the receiver Credit all incomes debit all expenses

shrujana bandari

Three types of account . 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 income...read more

Chaithrashree CC Chaithra

Debit the receiver ,credit the given Debit what comes in ,credit what goes out Debit all expenses and losses ,credit all income and gain.

Anonymous

Parsonal account, real account, and nominal account

Deepika Shetty

There are 3 golden rules of accounting : 1.personal accounts : Debit the receiver credit the giver 2.Real accounts : Debit what comes in credit what goes out 3.Nominal accounts : Debit all expenses an...read more

PUNITHA N

Personal account Real account Nominal account

Hemalatha

Real, Personal and Nominal Account

BALSINGH K

THERE ARE THREE TYPES 1 PERSONAL ACCOUNT A) DEBIT THE RECIVER B) CREDIT THE GIVER 2 REAL ACCOUNT A) DEBIT WHAT COME IN FIRM B) CREDIT WHAT GOES OUT FIRM 3 NOMINAL ACCOUNT A) DEBIT ALL EXPENESS AND LOS...read more

Ranjana Rathod

1.personl account 2.real account 3.nominal account

Anonymous

1.personl account 2.real account 3.nominal account

Kavana D

There are three role in accounts 1. Personal account 2. Real account 3. Nominal account

Arun Kevin

1.Personal Account:Debit the receiver, Credit the Giver. 2.Real Account: Debit what Comes in ,Credit what goes out in the business. 3.Nominal Account: Debit the all expenses and losses, Credit the All...read more

Anonymous

Personal account real account nominal account asset + liability=equal