Diamond Rule

This query is : Resolved 

Querist : Anonymous (Querist) 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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