UrbanPro
true

Take Class 12 Tuition from the Best Tutors

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

Search in

Rules of Accounting

M
Mohita G.
11 Feb 0 0

There are three types of accounts:

1. Personal account

2. Real account

3. Nominal accountR

1. Rule for personal account -  "debit the receiver and credit the giver."

2. Rule for real account is- "debit what comes in and credit what goes out"

3. Rule for nominal account is-"debit all expenses and losses and credit all incomes and gains"

 

 

0 Dislike
Follow 1

Please Enter a comment

Submit

Other Lessons for You

Price Earnings Ratio
Formula for Price Earnings Ratio
S

S. Lakshmi Priya S. | 25/01/2021

0 0
0

Introduction to Chess
Chess is a game played on 64 square board which is a combination of two colours, usually black and white (nowadays different colours chess boards are available like green and white, yellow and brown). The...

Sahil Maurya | 12/06/2020

0 0
0

For CBSE PUC Accountancy- How to Identify Revenue vs Capital Expenditures for a Business Organisation
Dear Students, Identification of Revenue and Capital natured expenditure is essential for us. It is the base for many of the chapters in your Accountancy Syllabus. Let us understand these terms with several...

Madhura Sagar G. | 09/04/2020

1 0
0

How to Prepare Final Accounts (Step by step procedure) for BBA/ Bcom/ BBM students
Dear Students, Final Accounts question is a very scoring question in the accountancy Paper and is also a compulsory question for most of the boards. So here is the list of simple steps to be follwed...

Madhura Sagar G. | 09/04/2020

4 0
1

Accountancy
Tips for scoring good marks in accounts:1. Always be attentive during the sessions2. Raise your doubts to clarify it immediately ao that it does not become your permanent doubt.3. Practice hard because...

Prabhjeet Singh | 07/04/2020

0 0
0

Looking for Class 12 Tuition ?

Learn from Best Tutors on UrbanPro.

Are you a Tutor or Training Institute?

Join UrbanPro Today to find students near you
Sponsored
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

Book a Free Demo

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