Golden rules of accounting
- 369 Answers
- 644891 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / faisal khan swati
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 ? | 0 Yes | 0 No |
Answer / imtiyaz
real a/c : debit what come in
credit what goes out
personal a/c :debit the recevier
credit the giver
nominal a/c :debit all expenses & loses
credit all profit & gain
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / manoj kachrekar
Real A/c : debit was comes in
credit was goes out
Nominal A/c : Debit all expenses & losses
Credit all profit & gains
Personal A/c : debit the receiver
credit the giver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / yalka
personal account : debit the giver
credit the receiver
real account : debit what comes in
credit what goes out
nominal account : debit all expenses and loss
credit all income and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pankz
real a/c : debit what come in
credit what goes out
nominal a/c :debit all expenses & loses
credit all profit & gain
personal a/c :debit the recevier
credit the giver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jyotish prasad kakati
THERE ARE MAINLY THREE TYPES OF ACCOUNT IN GOLDEN RULES
THEY ARE AS FOLLOWS:
PERSONAL ACCOUNT- ALL THE RECEIVER IS DEBIT
ALL THE GIVER IS CREDIT
NOMINAL ACCOUNT- ALL EXPENSES AND LOSSES ARE DEBIT
ALL INCOME AND GAINS ARE CREDIT
REAL ACCOUNT- WHAT COMES IN DEBIT
WHAT GOES OUT CREDIT
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / gaurav n. godhwani
Real Account debit what comes in
credit what goes out
Nominal Account debit all expenses and loses
credit all income and revenues
Real Account debit the giver
credit the receiver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mohamed naisar
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 & losses
Credit all profit & gain
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vinay
Personal a/c : Debit the receiver
credit the giver
Real a/c : Debit what comes i
Credit what goes out
Nominal a/c :Debit all expencess and loses
Credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / raj pandey
accounts is recording classifieds posting.
real a/c- Dr was comes in
Cr was goes out.
nominal a/c- all exps & loss Dr
all income & gain Cr.
porsonal a/c- Dr the reciver.
Cr the giver.
| Is This Answer Correct ? | 0 Yes | 0 No |
EXPAND______________PSU
What is the accounting treatment for finance lease in lessee's viewpoint?
under which category petty cash expences will fall in tally ERP.9?
What are the main things to see which making a Balance Sheet ??
WHAT IS DIFFERENCE BETWEEN TDS AND TCS?
Tell Me the accounting concepts and explain the Prodence princeple concept
what are the basic 3 rules of accounting
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
what is Calculation of closing Stock?
1. Fdr mature with interest
What are the duties of sales tax department? Explain it
how many category of valuation of shares?
Audit 
