GOLDEN RULES OF ACCOUNTING
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Golden Rules of Accounting
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
(Its related to incomes and expenditure (both Direct &
Indirect)) Credit all Incomes and Gains Sameer
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 & losses
Credit all incomes & gains Padma
Persoanl A/c. :- Lenar A/c. Dr
Apnar A/c. CR
Malmilkat A/c. :- Ave to A/c. Dr
Jay to A/c. Cr.
Upaj Kharch a/c:- Kharch Khata Dr
. Upaj Khate CR Master
Accounts divided into two types 1.Personal A/c &
2.Impersonal, impersonal A/c again divided into two types
which is a)Nominal A/c & b)Real A/c.
Personal A/c: Debit is receiver and Credit is the giver.
Nominal A/c: All expenses and losses are Debit and all
incomes and gains are Credit.
Real A/c: What comes in and whats goes out.
But there is a only logic behind this that is Debit &
Credit. S J Baig
Basicly three golden rule of accounting
1 personal accounts : Debit the reciever and credit the
2 nominal accounts : Debit all the exp and loss and
credit, all the profits and gains
3 Real accounts : Debit whats comes in and credit
whats goes out Gursewak Satsangi
DEBIT IS THE RECIVER
CREDIT IS THE GIVER
DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS Prasathmani
debit the reicever
credit the giver
debit what comes in
credit whart goes out
debit all expenses and losses
credit all income and gains Sheetal
Dr. the receiver
Cr. the giver
Dr. what comes in
Cr. what goes out
Dr. all expenses & losses
Cr. all Incomes & gains Vinita
Personal A/C: Debtit the reciever
Credit the giver
Real A/C: Debit wat comes in
Credit wat goes out
Nominal A/C: Debit all expenses & losses
Credit all incomes & gains Vishal
DEBIT WHAT COMES IN.
CREDIT WHAT GOES OUT.
DEBIT ALL EXPENSES AND LOSSES.
CREDIT ALL INCOMES AND REVENUES.
DEBIT THE RECEIVER.
CREDIT THE GIVER. Samapti