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What are the 3 Basic Rules in Accounting.
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Answer / devaraj tc
Personal A/C
Dr is the receiver
Cr is the giver
Real A/c
Dr what comes in
Cr what goes out
Nominal A/c
Dr All expenses & loss
Cr All income & gains
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / yugandhar naidu kalicherla
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
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / eknath
1. Debit to receiver
Credit to giver
2. Debit what comes in
Credit what goes out
3. Debit All Exp /Loss
Credit Income/Gain
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / m shajid khan
1. Personal A/C Dr. the Receiver, Cr. the giver
2. Impersonal account can be devided in to two groups: 1.
Nominal A/C, 2. Real A/C
2.1. Nominal A/C : All expenses and losses Dr., and all
income and gains Cr.
2.2. Real A/C: Dr. what goes out, Cr. what comes in
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / atheeq
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.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / pallavi borhade
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 the Expenses & Losses
Credit all the Incomes & Gains.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / saira
1.Personal A/C
. Debit the receiver
Credit the giver
2- Real A/C
. Debit what comes in
Credit what goes out
3- Niminal A/C
. Debit All Exp /Loss
Credit Income/Gain
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / dinesh kumar das
Rule-1
Debit the Receiver
Credit The Giver
Rule 2
what comes In is Debit
What goes out is Credit
Rule 3
All exp. & loss are Debit
All income & gain are credit
These are the basic principle & rule in Accounting
| Is This Answer Correct ? | 5 Yes | 1 No |
Answer / kamaljeet singh
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| Is This Answer Correct ? | 5 Yes | 1 No |
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