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Diamond Rule

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 September 2010 Plz. answer if there is any "Diamond Rule" in Accounts ???? Plz. ASAP.
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Aditya Maheshwari

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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
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CA Amit Joshi

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CA Amit Joshi (Expert)
17 September 2010 As per my knowledge also there is no Diamond rules.




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