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What are the 3 Basic Rules in Accounting.
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Answer / jai ganesh
For Personal Account :
1:Debit the receiver ,
credit the giver,
For Real Account :
2:Debit was comes in
credit what goes out
nominal account:
debit all expenses and loses
credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rasheed
There 3 basic rule in accounting..
1)Real account Dr what come in and Cr wat goes out
2)personal account Dr the receiver and cr the giver
3)Nominal account Dr all expenses and loss, Cr all incomes and
gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vinayak naik
for personal account
debit to receiver
credit the giver
for real account
debit what comes in
credit what goes out
for nominal account
debit all exp/losses
credit income/gain
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sheetal
Personal Rule
1) Debit The Receiver
Credit the Giveer
Real Rule
2) Debit the Receiver
Credit The Giver
NominalRule
3) Debit All Exp. & Losses
Credit All Gains & Inocmes
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / geet
Personal Account:
Debit the Receiver
Credit the Giver
Real Account:
Debit what comes in
Credit What goes out
Nominal Account:
Debit All Expenses and loses
Credit All Incomes and Gains.
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / pravin sakpal
PERSONAL ACCOUNT
DEBIT THE RECEIVER
CREDIT THE GIVER
REAL ACCOUNT
DEBIT WAS COMES IN
CREDIT WAS GO OUT
NOMINAL ACCOUNT
DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOME AND GAIN
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / kesava
real account
debit what comes in
credit what goes out
personal account
debit the reviver
credit the giver
nominal account
debit all exp/losses
credit all income/gain
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / khan mohsin
personal A/C
debit the reciver
credit the giver
Nominal A/C
debit was comes in
credit was goas out
Real A/C
debit all expenses & loses
credit all income & gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / prabhat
Debit; increase in net profit ,
Credit; increase in net loss ,
| Is This Answer Correct ? | 0 Yes | 0 No |
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