what are the golden rules of accounts and the items of personal accounts,

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what are the golden rules of accounts and the items of 
personal accounts,real account,nominal accounts?

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Re: what are the golden rules of accounts and the items of personal accounts,real account,nominal accounts?

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# 1

Personal A/c- Dr the Reciver&#65007;&#65007;
              Cr the Giver&#65007;&#65007;
&#65007;&#65007;&#65007;&#65007;Real A/c  -  Debit what comes in &#65007;&#65007;
             Credit what goes out&#65007;&#65007;
&#65007;&#65007;Nominal A/c- Debit all expenses and losses&#65007;&#65007;
             Credit all income and gains

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Sumit Talekar

Re: what are the golden rules of accounts and the items of personal accounts,real account,nominal accounts?

Answer
# 2

Golden rules of accounts are as follows: Real A/c, Nominal 
A/C and personal A/C, 
Items of personal A/C
real and artifical persons Like Ram, Raheem
Items of Nominal A/C
Salaries, intrest received Etc.,
Real account items
Fixed assets and current assets

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Abdul Bari

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