Maco Corporation (India) Accountant Interview Questions and Answers

Golden rules are basic principles of accounting that guide the preparation of financial statements. There are three types of accounting: financial, management, and cost accounting.

• Golden rules of accounting include: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit all expenses and losses, Credit all incomes and gains.

• Types of accounting: Financial accounting focuses on external rep...read more