What are the rules of Account?
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Answer / kailash kamble
1. Real Accounts : Debit what comes in
Credit what goes out
2. Nominal Accounts : Debit All Expenses And Losses
Credit All Income And Revenue
3. Personal Accounts : Debit the Reciver
Credit the Giver
| Is This Answer Correct ? | 31 Yes | 1 No |
personal a/c
dr. the ricever cr.the giver
real a/c
dr. what comein cr. what goesout
nominall a/c
dr. all expenses/loss cr. all incom/gain
| Is This Answer Correct ? | 15 Yes | 1 No |
Answer / mohd.nayeem islaahi
Personal A/c
Debit The receiver credit giver
Real A/c
Debit what comes in credit what goes out
Nominal A/c
Debit all expenses or losses credit All incomes or gains
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / aashutosh biswas
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / swaranjali
Every debit effect should have corresponding credit effect.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ch.brahmaji
2types of rules of accounting
1) personal accounting
2) impersonal accounting
1) personal accounting in that include of only personal
related to account rules
1 natural person
2 artificial person
3 Representative person rules of using
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER
impersonal accounting
1 nominal accounting
2 real accounting
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
real accounting is assets
in that many types of assets are like fixed assets ,current
assets ,
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OU
| Is This Answer Correct ? | 0 Yes | 1 No |
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