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Golden rules of accounting
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Answer / dinesh jamnani
1- Personal Account - Debit the reciver and Credit the Giver
2 - Real Account - Debit what comes in and credit what goes
out
3 - Nominal Account - Debit all the expenses and loses and
credit all incomes and gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / haider eqbal
Personal A/c: Debit the receiver
Credit the Giver
Real A/C : Dr. What come in
Cr. What goes out
Nominal A/C : Dr. All expense & loss
Cr. All incomes & gains
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / murari kumar jha
Personal A/c:Debit the receiver
Credit the giver
Real A/c: Debit what comes in
Credit what goes out
Nominal A/c:debit all expences and losses
Credit all incomes and gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anu v jacob
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 GIVER
CREDIT THE RECEIVER
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / lasya peddada
Rules of the Double Entry System
Debit Credit
Personal Account Receiver Giver
Real Account What comes in What goes out
Nominal Account Expenses and Incomes and Gains
Losses
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anand prajapati
REAL ACCOUNTS A/C: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL ACCOUNTS A/C: DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNTS A/C: DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shyam kishor sharma
PERSONAL A/C: DEBIT THE RECIEVER
CREDIT THE GIVER
REAL A/C: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL A/C: DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOME AND GAINS
ASSETS: DEBIT THE INCREASE IN ASSETS
CREDIT THE DECREASE IN ASSETS
LIABILITIES : DEBIT THE DECREASE IN LIABILITIES
CREDIT THE INCREASE IN LIABILITIES
CAPITAL: CEBIT THE DECREASE IN CAPITAL
CREDIT THE INCRESE IN CAPITAL
EXPENSES: DEBIT THE INCREASE IN EXPENSES
CREDIT THE DECREASE IN EXPENSES
INCOME: DEBIT THE DECREASE IN INCOME
CREDIT THE INCREASE IN INCOME
DEBTORS/CREDITORS(PERSONAL A/C)
DEBIT THE DEBTORS
CREDIT THE CREDITORS
IF I AM RIGHT THEN PLEASE MAIL ME
MY ID IS: shyam.info5562@yahoo.in
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / jaibheem
Personal A/C Debit the Reciever
Credit the Giver
Real A/C Debit What Comes
Credit What Goes out
Nominal A/C Debit all Expences on loss
Credit all Income and Gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / anuj
Personel A/c Debit the receiver
credit the giver
Real A/c Debit wht comes in
credit wht goes out
Nominal A/c All Exp. And losses Dr.
All income and expenditure Cr
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / bikram
Personel a/c : Debit the receiver
Credit the giver
Real a/c : What comes in Debit
What goes out Credit
Nominal a/c : Debit all Loss and Expenses
Credit all Incomes and gains.
| Is This Answer Correct ? | 1 Yes | 0 No |
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