Golden rules of accounting
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Answer / navin jain
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
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Answer / harsh agarwal
Personal A/c : Debit the receiver
Credit the giver
Real A/c : Debit what comes in
Credit what goes out
Nominal A/c : Debit Loss and Expense
Credit Profit and Gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ranganathan
Real A/c : Debit What is comes in
Credit what is goes out
Nominal A/c : Debit All Expenses & Loses
Credit all Income& Gains
Personal A/c : Dedit the Receiver
Credit the GIver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rahul raj
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 ? | 0 Yes | 0 No |
Answer / aashutosh bishwas
Real A/c : Whats comes in Debit
Whats goes out Credit
Nominal A/c : Debit All Exp. & Loses
Credit All Profit & Gain
Personal A/c : Debit the receiver
Credit the giver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / manjunath kasar
PERSONAL A/C : DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
REAL A/C : DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL A/C : DEBIT ALL EXPENSES & LOSES
CREDIT ALL INCOME & AND GAIN
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / venkataraman k
PERSONAL ACCOUNT - DEBIT THE RECEIVER
CREDIT THE GIVER.
REAL ACCOUNT - DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT.
NOMINAL ACCOUNT - DEBIT ALL EXPENSES & LOSSES
CREDIT ALL INCOMES & GAINS.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / syed
real a/c : Debit comes in
credit goes out
nominal a/c : debit all expenses & losses
credit all profit & gain
personal a/c : debit the receiver
credit the giver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / anant koundal
PERSONAL ACCOUNT : DEBIT-THE RECEIVER
CREDIT- THE GIVER
REAL ACCOUNT : DEBIT-WHAT COMES IN
CREDIT - WHAT GOES OUT
NOMINAL ACCOUNTANT: DEBIT- ALL EXPENSES & LOSSES
CREDIT- ALL INCOME GAIN
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kajal shah
account debit credit
personal A/c the receiver the giver
nominal A/c all expenses& all income &
losses gain (profit)
real A/C what comes what goes
in out
| Is This Answer Correct ? | 0 Yes | 0 No |
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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.
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