GOLDEN RULES OF ACCOUNTING

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Question

GOLDEN RULES OF ACCOUNTING

Question Submitted By :: Dr. R.srinivasan

I also faced this Question!!

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Answer Posted By

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 241

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 ALL INCOME and Gains

Is This Answer Correct ?

1 Yes

0 No

Ganesh

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 242

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

Ranganathan

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 243

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

Is This Answer Correct ?

0 Yes

1 No

K. Navaz

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 244

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

1 No

Md.muheed

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 245

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

Rahul Raj

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 246

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

Aashutosh Bishwas

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 247

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 Loses
Credit all Incomes and Gains

This is the correct answer

Is This Answer Correct ?

1 Yes

0 No

Sowmiya. M

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 248

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

Manjunath Kasar

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 249

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 ?

1 Yes

0 No

9461333222

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 250

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

Venkataraman K

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