Answer / aryadipta

increase in asset is debit
decrease in asset is credit
increase in Liabilities is crebit
decrease in Liabilities is dedit
All expenses & losses are debits
All incomes 7 profits are credits

Answer / sudhakar (tuli)

Real account-- debit what comes in credit what goes out

Nominal account--debit all expenses and loss credit all income and gains


personal account--debit the giver credit the receiver

Answer / k. navaz

Real Accounts : Debit what comes in
Credit what goes out

Nominal Accounts : Debit all Expenses and Lossess
Credit all Incomes and Revenues

Personal Accounts: Debit the Giver
Credit the Receiver

Answer / md.muheed

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

Answer / raju rajak

DR IS GOES OUT CR IS COME OUT

Answer / abhishek

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

Answer / vishal

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

Answer / manish chourasia rohini, deogh

1.REAL ACCOUNT:-DEBIT WHAT COME IN
CREDIT WHAT GOES OUT

2. NOMINAL ACCOUNT:-DEBIT ALL EXPENSES & LOSES
CREDIT ALL PROFIT & GAIN

3. PERSONAL ACCOUNT :- DEBIT THE RECEIVER
CREDIT THE GIVER

Answer / manish chourasia rohini, deogh

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

Answer / sahapdeen

real a/c - debit what comes in
- credit what goes out
personal a/c -debit the receiver
-credit the giver
nominal a/c - debit all expenses and losses
- credit all incomes and revenues

What is the diffrecnce between liabilities and owner's equity?

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