Account Executive 1

Account Executive 1 Interview Questions and Answers for Freshers

Updated 18 Dec 2023

Q1. Golden rules of accounting

Ans.

The golden rules of accounting are fundamental principles that guide the recording and reporting of financial transactions.

  • The first golden rule is the Personal Account rule, which states that debit the receiver and credit the giver.

  • The second golden rule is the Real Account rule, which states that debit what comes in and credit what goes out.

  • The third golden rule is the Nominal Account rule, which states that debit all expenses and losses and credit all incomes and gains.

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