BPS Interview Questions and Answers

The golden rules of accounting are fundamental principles that guide the recording 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.

• These rules ensur...read more

Golden rules are fundamental principles that guide behavior and decision-making in various contexts.

• The Golden Rule: Treat others as you wish to be treated. Example: If you value honesty, be honest with others.

• In finance, the golden rule is to save at least 20% of your income. Example: If you earn $3000, save $600.

• In project management, the golden rule is to communicate effectively. Example: Regular updates can prevent misunderstandings.

• In health, the golden rule is to mainta...read more