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Diamond Rule (Accounts)

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This query is : Resolved

Author : Anonymous

( Author )
17 September 2010

Plz. answer if there is any "Diamond Rule" in Accounts ???? Plz. ASAP.

Aditya Maheshwari

( Expert )
17 September 2010

I know Golden Principles of Accounting but nor diamond rule.

The Golden Principles of Accounting are

Personal Account:Debit the receiver Credit the giver

Real Account : Debit what comes in Credit what goes out

Nominal Account : Debit all expenses and losses Credit all incomes and gains

CA Amit Joshi

( Expert )
17 September 2010

As per my knowledge also there is no Diamond rules.



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