UrbanPro
true

Take Class 12 Tuition from the Best Tutors

  • Affordable fees
  • 1-1 or Group class
  • Flexible Timings
  • Verified Tutors

3 GOLDEN RULES OF ACCOUNTING

Gaurav Didwaniya
22/07/2019 0 0

ACCOUNTANCY- 3 GOLDEN RULES

PERSONAL AC

DEBIT the RECEIVER

CREDIT the GIVER

REAL AC

DEBIT what COMES IN

CREDIT what GOES OUT

NOMINAL AC

DEBIT all EXPENSES AND LOSSES

CREDIT all INCOME AND GAINS

 

0 Dislike
Follow 1

Please Enter a comment

Submit

Other Lessons for You

Definitions of Bank Reconciliation Statement
A Bank Reconciliation Statement (BRS) is a financial document that compares the bank's records of an individual or a company's account with the corresponding entries in their own accounting records. It...

Generally Accepted Accounting Principles (GAAP)
GAAP is the common set of accounting principles, standards and procedures that organizations use to make accounting transactions and compile their financial statements. GAAP is a combination of: Commonly...

Chapter 1 - Introduction to Accounting
History of Accounting : Before knowing the history of accounting, let us know about the history of money which is the basis of the accounting process. Money : Item or verifiable record accepted for...
D

Accounting at a Glance
Accounting is part and parcel of our daily life. We are indulging in accounting activities in our everyday life. But we are unaware of it. For example, we go for marketing with say Rs. 1000/-. We buy different...

Class 12- Partnership (Sacrificing Ratio).
Lesson Partnership Sacrificing Ratio At the time of admission of a Partner, the old partners will sacrifice from their profit sharing ratio. For example , a firm has two partners A and B who were sharing...
X

Looking for Class 12 Tuition Classes?

The best tutors for Class 12 Tuition Classes are on UrbanPro

  • Select the best Tutor
  • Book & Attend a Free Demo
  • Pay and start Learning

Take Class 12 Tuition with the Best Tutors

The best Tutors for Class 12 Tuition Classes are on UrbanPro

This website uses cookies

We use cookies to improve user experience. Choose what cookies you allow us to use. You can read more about our Cookie Policy in our Privacy Policy

Accept All
Decline All

UrbanPro.com is India's largest network of most trusted tutors and institutes. Over 55 lakh students rely on UrbanPro.com, to fulfill their learning requirements across 1,000+ categories. Using UrbanPro.com, parents, and students can compare multiple Tutors and Institutes and choose the one that best suits their requirements. More than 7.5 lakh verified Tutors and Institutes are helping millions of students every day and growing their tutoring business on UrbanPro.com. Whether you are looking for a tutor to learn mathematics, a German language trainer to brush up your German language skills or an institute to upgrade your IT skills, we have got the best selection of Tutors and Training Institutes for you. Read more