12th BOOK KEEPING BY AJAYSANTHOSH MOURYA
2.Three Golden Rule's
3.Assets & Liabilities
4.Debtor's & Creditor's
5.Revenue Receipt and Expenditure.
TYPE OF ACCOUNT'S
THERE ARE THREE TYPE OF ACCOUNT'S
1.REAL ACCOUNT'S
2.NOMINAL ACCOUNT'S
3.PERSONAL ACCOUNT'S
THE ABOVE GIVEN'S ACCOUNT GENERATE THE THREE GOLDEN RULE THROUGH WHICH ACOUUNT'S GET'S SETTLE'S
FIRST RULE
Point to start and remember through all your accounting process.
1.Type of account's2.Three Golden Rule's
3.Assets & Liabilities
4.Debtor's & Creditor's
5.Revenue Receipt and Expenditure.
TYPE OF ACCOUNT'S
THERE ARE THREE TYPE OF ACCOUNT'S
1.REAL ACCOUNT'S
2.NOMINAL ACCOUNT'S
3.PERSONAL ACCOUNT'S
THE ABOVE GIVEN'S ACCOUNT GENERATE THE THREE GOLDEN RULE THROUGH WHICH ACOUUNT'S GET'S SETTLE'S
FIRST RULE
REAL ACCOUNT'S
Dr. What's come In
Cr. What's goes out
SECOND RULE
NOMINAL ACCOUNT'S
Dr. The profit and losses
Cr. The income, gain and profit
THIRD RULE
PERSONAL ACCOUNT'S
Dr. The Receiver
Cr. The Giver
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