Golden rules of accounting
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Answer / ankush
Persnol Account - Debit the receiver
- Credit the giver
Real Account- Debit what comes in
- Credit what gose out
Nominal Account - Debit all loss and expenses
- Credit all income and gains
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Answer / yogesh kumar sen
REAL ACCOUNTS :- DEBIT WHAT COMES IN, CREDIT WHAT GOES OUT
PERSONAL ACCOUNTS :- DEBIT THE RECEIVER, CREDIT THE GIVER
NOMINAL ACCOUNTS :- DEBIT ALL EXPENSES AND LOSSES, CREDIT ALL INCOMES
AND REVENUES
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Answer / kani
1.no,2.yes,3.yes,4.yes,5.no,6.no,7.yes,8.yes,9.yes,10.yes
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Answer / luca pacioli
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 / shankar.l
personal a/c: debit the receiver and
credit the giver
real a/c: debit what comes in
credit what goes out
nominal a/c:debit all expenses and losses
credit all incomes and gains
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Answer / sharnjit singh
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 GIVEN
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Answer / surajit saha
PERSONAL ACCOUNT: DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNT : ALL EXPENSES AND LOSSES ARE DEBIT
ALL INCOMES AND GAINS ARE CREDIT
REAL ACCOUNT : ALL ASSETS ARE DEBIT
ALL LIABILITIES ARE CREDIT
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Answer / d.prabhu
real account;
debit what comes in
credit what goes out
personal account;
debit is the reciver
credit the giver
nominal account;
debit all expeness and losses
credit all incomes and gains
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Answer / pratap.
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 expenses and losses
Credit all incomes & gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mandar
REAL ACCOUNTS DEBIT WHAT COMES IN.
CREDIT WHAT GOES OUT.
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES.
CREDIT ALL INCOMES AND GAINS.
PERSONAL ACCOUNTS DEBIT THE GIVER.
CREDIT THE RECEIVER.
| Is This Answer Correct ? | 0 Yes | 0 No |
What is the Meaning of Current ratio?
AT THE TIME OF REDEMPTION OF DEBENTURES. WHEN THERE IS PROFIT/LOSS ON SALE OF DEBENTURES WE TRANSFER THAT AMOUNT IN PROFIT AND LOSS A/C BUT WHEN WE CANCEL OUR DEBENTURES AFTER BUYING IT FROM OPEN MARKET THE DIFFERENCE BETWEEN MARKET VALUE AND COST OF DEBENTURES TRANSFER TO "CAPITAL RESERVE ACCOUNT .. WHY SO ANY PRACTICAL ANSWER ??
how will you create the posting periods 3 and 5 or 5and 7?
Which one of these two (SAAP & GAAP ) software you prefer to use and why?
suppose you make a bill with service tax and on the time of service tax return you have deposit the same. but now party denies to pay the value of service tax. what adjustment entry you pass to rectify the a/c.
Hi friends, can you please send me GENPACT's Accounts Test Questions. Thanks in advance.
What is Risk Assessment?
why closing balance do not come in trial balance?if it is in which case it comes?
A check deposited in a saving account is shown as credited in clear balance in the passbook while the other check deposited next day is shown as pending clearance. Can a bank later on debit the amount of the 1st check unilaterally,once it is cleared by bank.
suffix(Ltd) after companys name indicates what
Expand---------TRSP
Expand ------VIDR
Audit 
