Answer / pooja

THERE ARE 3 RULE OF ACCOUNTING-
1) PERSONAL RULE- DEBIT THE RECEIVER
CREDIT THE GIVER

2)REAL ACCOUNT- DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

3)NOMINAL ACCOUNT- DEBIT ALL EXPENSES & LOSSES
CREDIT ALL GAINS & INCOMES.

Answer / shivanand belavatagi

There are three rules in accounting

1) PERSONAL ACCOUNT- DEBIT THE RECEVER AND
CREDIT THE GIVER



2) REAL ACCOUNT- DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT




3)NOMINAL ACCOUNT- DEBIT ALL EXPENSES & LOSSES
CREDIT ALL GAINS & INCOMES.

Answer / guest

There are three rules of Accounts
1. Personal account
Debit the receiver
Credit the giver
2. Real account
Debit what comes in
Credit what goes out
3. Nominal account
Debit all expenses and losses
credit all gains and incomes

Answer / umraj kumar gupta

There are one rule of Acconuting.which is known as Golden
rule
For Personal A/c:
Debit the receiver
Credit the giver
For Real A/c:
What comes in Debit
What goes out Credit
For Nomainal A/c:
All expenses & losses are Debit
All income & gains are Credit

Answer / bhaskararao

There are three fundamental rules of accounting standards

1 personal account debit the received and credit is giver
2.real account debit what comes in credit what goes out
3.nomainal account debit all expenses and credit all
incomes and gains

Answer / mahender

Personal A/C:- Debit is the Receiver and Credit the Giver
Real A/C:- Debit-What comes in Credit:- What Goes our

Answer / satish ghatage d

Rule of Accounting or Golden rules of accounting both are same
Golden rules of accounting are as follows:


1. Personal Accounts: Debit the receiver Credit the giver.
2. Real Accounts: Debit what comes in Credit what goes out.
3. Nominal Accounts: Debit all expenses and losses Credit all Incomes and gains.

Answer / mk reddy

there are 3 types of accounts.such as
1.personal account
2.real account
3.nominal account
1.personal account:-- debit is the receiver and credit is the giver.
2.real account:--debit what comes in and credit what goes out
3. nominal account"--debit all expenses and losses and credit all incomes and gains.

What is the treatment of partners salary in profit and loss account.

2 Answers  

What is accrual basis of accounting

2 Answers  

Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.

1 Answers   ABC,

Expand---------EDBC

1 Answers  

Short Answer on ___________Journal

2 Answers  

can u explain good will and calculation methods

1 Answers   FactSet Systems,

EXPAND______________IDBI

4 Answers  

WHAT IS THE JOURNAL ENTRY FOR PURCHASE RETURNS IN THE BOOKS OF PURCHASER & SELLER

7 Answers  

EXPAND______________ICT

0 Answers  

how many types of depreciation?

18 Answers  

Describe the accounting principles

2 Answers  

EXPAND______________IEEE

1 Answers