Three major accounts and their rules, accounting, Basic Statistics

Three major Accounts and their Rules

There are three major Records which are

a) Personal Accounts

b) Real Accounts

c) Moderate Accounts

Rule for Personal Account: Charge the Receiver and Credit score the Giver

Rule for Real Records: Charge what comes in and Credit score what goes out

Rule for Moderate Records: Charge All expenses and Losses and Credit score all incomes and gains.

Unique solution in accounting

 

 

 

Posted Date: 3/27/2012 4:34:00 AM | Location : United States







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