Answer / vijay pangudwale

Three types of rule:

1) Personal Account

"Debit the receiver
Credit the giver"
2) Real Account

"Debit what comes in
Credit what goes out"
3) Nominal Account

"Debit all expenses and losses
Credit all incomes and gains"

I learn this three rule of accounting

Answer / badri

three rules are
1. real a/c i.e (asset)
when one asset comes in it should be debited
when one asset goes out it should be credited

2.personal a/c i.e (individual a/c)
when one person or co.receives benefit it should debited
when one person or co.gives benefit it should be credited

3.nominal a/c
all the expenses&losses should be debited
all the incomes&gains should be credited

Answer / koteswararao

accounts are two types. namely
1.personal account
2.impersonal account: this account can be divided into two types
a.Real A/c
b.Nominal A/c

1.Personal A/c:

Debit the REciever
Credit the Giver

2.Real A/c

Debit what comes in
credit what goes out

3.Nominal A/c

Debit all expenses and losses
Credit all incomes and gains

These are called Golden principles.

Answer / sunita

same as above

Answer / sangeetha

Personal A/c
Dr:-"Debit the receiver
cr:-credit the giver"
ex:-SBI,ICICI etc.
Real A/c
Dr:-"Debit what comes in"
cr:-"credit what goes out"
ex:-purchased goods from ram on credit basis
purchase a/c dr
To ram a/c
Nominal a/c
Dr:-"Debit all expenses and lossess
cr:-credit all incomes and gains"

Answer / sowmi

personal a/c: dt: the receiver
cr: the giver
real a/c : dt: what comes in
cr: what goes out
nominal a/c : dt: all exp & loss
cr: all income & assets

Answer / venkataraman

Same as #14

Answer / christopher

Personal account - Deals with the live persons eg.,Ram,Chris etc

Debit the Receiver
Credit the giver

Real Account - Deals with the cash

Dedit what comes in
Credit what goes out

Nominal Account - Deals with the Expenses & Incomes

Debit all the Expenses & Losses
Credit all the Incomes & Gains.

Answer / siddu

1.Personal a/c
debit the reciever
credit the giver
2.Real a/c
debit what comes in
credit what goes out
3.Nominal a/c
debit all expenses and losses
credit all incomes and gains

Answer / abdul bari

Real A/C
Debit : What comes in
Credit :what goes out
Personal A/C
Debit : Receiver
Credit : Giver
Nominal A/C
Debit : All Expenses & Losess
Credit : All incones and gains

Expand RMP

0 Answers  

how does equity shares effect in balance sheet? please friends send answer for this question to my mail venug121@gmail.com

2 Answers   UBS,

what is amortization

3 Answers  

For how long should prepayments be carried in the books as fictitious asset and when is it ideal for a new coy to pay tax

0 Answers   Mind Tree,

Short Answer on _____________Whole Sale Trade

0 Answers  

what do you mean by Bank reconcilation statement

29 Answers   Accenture, BPO, Citi Bank, CitiGroup, DOC, Fullerton, Global Talent Track, Northern Trust, SGI, State Bank Of India SBI,

How can i download International accounting Standards (IAS ) (41) from the internet in PDF format .Please can u tell me site name.

2 Answers  

EXPAND______________IDBI

4 Answers  

Differece b/t Equity and Prefferece Capital?

5 Answers   Capital IQ,

I AM WORKING IN THE CORPORATE (HEAD OFFICE)OF A FINANCE COMPANY. I CO-ORDINATE FOURTEEN BRANCHES IN DELHI. AND MY JOB PROFILES ARE BANK RECONCILIATION,CASH RECONCILIATION, MIS,TRAINING TO THE JR.EXECUTIVES,BRANCH VISIT,SUPPORTING TO BRANCH,ETC. THE QUESTION WAS WHAT U DO FOR UR BRANCH? I TOLD MY ALL JOB PROFILE BUT IT WAS NOT A GOOD ANSWER. WHAT TO SAY FOR THE NEXT TIME?

5 Answers   Genpact, HCL,

what is the exact meaning of debit and credit

9 Answers  

Iam selected for final round of interview in IDBI bank for asst. manager post. Can any one help me in knowing what kind of questions will be asked in the interview and how should i prepair?

0 Answers   Idbi Bank,