Golden rules of accounting
- 369 Answers
- 644323 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 / deepiga
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 | 1 No |
Answer / mohit verma
PERSONAL ACCOUNT DEBIT - THE RECEIVER
CREDIT - THE GIVER
REAL ACCOUNT DEBIT - WHAT COMES IN
CREDIT - WHAT GOES OUT
NOMINAL ACCOUNT DEBIT - ALL EXPENSES AND LOSSES
CREDIT - ALL INCOMES AND GAINS
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / tauqeer
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
Credit All Income And Gains
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / ritesh roy
PERSONAL A/C- Debit the receiver & Credit the giver.
REAL A/C- Debit What comes & Credit what goes out.
NOMINAL A/C- Debit all expenses and loss & Credit all income and gains.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / rithika
REAL A/C- DEBIT THE RECEIVER
CREDIT THE GIVER
REAL A/C- WHAT COMES IN DEBIT
WHAT GOES OUT CREDIT
NOMINAL A/C- ALL EXPENSES AND LOSSES DEBIT
ALL INCOMES AND GAINS CREDIT
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / panneer selvam m p
golden rules accounts for accounts advance results
| Is This Answer Correct ? | 0 Yes | 2 No |
Answer / sandipan kumar
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 incomes and gains.
Credit all Expenses and losses
| Is This Answer Correct ? | 635 Yes | 638 No |
Answer / manjusree .s.
For the purpose of accounting we can classify the accounts
as three catagories. They are Personal account, Real
account and nominal account.For each and every transaction
there will be two aspects,ie,. Debit and credit. So while
applying the golden principles upon these catagories we can
reac the bellow mentioned summary.
Personal account:Debit what comes in, Credit what goes out.
Real account :Debit the reciever while Credit the giver.
Nominal account :Debit all expences and losses, Credit all
incomes and gains.
| Is This Answer Correct ? | 13 Yes | 21 No |
When Trial Balance match?
EXPAND_______________UNL
what is your achievements?
what is a financial statement
What types of reports and accounts should a partnership company prepare?
send me bank exams solved question paper
Short Answer on _________Commerce
what is the difference between debenture and shares
Expand I C A I
Expand ________DBMS
Dismissed the watchman after paying him Rs.200 towards his salary.? state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
What does Pay-In and Pay-out mean?
Audit 
