GOLDEN RULES OF ACCOUNTING

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Question

GOLDEN RULES OF ACCOUNTING

Question Submitted By :: Dr. R.srinivasan

I also faced this Question!!

Rank

Answer Posted By

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 81

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 INCOME & GAINS

Is This Answer Correct ?

1 Yes

1 No

S.saranya Sriram

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 82

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 expences & losses
Credit all incomes & gains

Is This Answer Correct ?

1 Yes

1 No

Ganesh

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 83

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 expences and losses
Credit all incomes and gains

Is This Answer Correct ?

1 Yes

1 No

Alok Rai K.v.khanapara

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 84

Personal A/c: Debit the receiver
Credit the Giver

Real A/C : Dr. What come in
Cr. What goes out

Nominal A/C : Dr. All expense & loss & Assets
Cr. All incomes & gains & losess

Is This Answer Correct ?

1 Yes

1 No

Krishnakumar

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 85

Personal account:Debit what comes in, Credit what goes out.

Real account :Debit the receiver while Credit the giver.

Nominal account :Debit all expenses and losses, Credit all
incomes and gains.

Is This Answer Correct ?

2 Yes

1 No

Sirajunisha

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 86

Golden Rules Debit and Credit of Personal and Impersonal
accounts are called golden rule.

Personal A/C: Debit the Received
Credit the Giver

Real A/C: Debit What Comes In.
Credit what Goes Out.

Nominal A/C: Debit all expenses and lossed
Credit all Incomes and Gains

Is This Answer Correct ?

4 Yes

1 No

Praveen Kumar

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 87

Re: 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
Credit all incomes and gains

Is This Answer Correct ?

3 Yes

1 No

Kishan Goswami

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 88

Personal account: Debit the receiver
Credit the giver.

Real account : Debit what comes in
Credit what goes.
out.

Nominal account : Debit all expenses
Credit all incomes & Gains.

Is This Answer Correct ?

2 Yes

1 No

Chandure

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 89

PRESONAL

DEBIT :- THE RECEVER
CREDIT : THE GIVER

REAL

DEBIT :- WHATS COME IN
CREDIT : WHATS GOES OUT

NOMINAL

DEBIT :- ALL EXPENCE AND LOSES
CREDIT : ALL INCOME AND GAINS

Is This Answer Correct ?

3 Yes

1 No

Sushil Kumar Tiwari

Re: GOLDEN RULES OF ACCOUNTING

Answer
# 90

THE THREE GOLDEN RULES OF ACCOUNTING.

1.PERSONNEL ACCOUNTS-DEBIT THE RECEIVER AND CREDIT THE GIVER.

2.REAL ACCOUNTS-DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT.

3.NOMINAL ACCOUNTS-DEBIT ALL THE EXPENSES AND LOSSES AND
CREDIT ALL THE INCOME AND GAINS.

Is This Answer Correct ?

2 Yes

1 No

Vinod Chandila

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