There are three golden rules of accounting:

1. Personal Account: Debit the reciever and credit the 
giver.

2. Real Account: Debit what comes in and credit what goes 
out.

3. Nominal Account: Debit all expenses and losses and 
credit all profit ang gains.

The golden rules of accounts are:
1. Personal Account:
                      Debit the reciever 
                      credit thegiver.
2. Real Account: 
                      Debit what comes in 
                      credit what goes out.
3. Nominal Account: 
                      Debit all expenses and losses  
                      credit all profit ang gains.

There are three golden rules of accounting:-

Name of the Account     Debit                     credit

1. Personal Account:  the reciever               thegiver.
                       
                       
2. Real Account:      what comes in              what goes 
out.
                        
                       
3. Nominal Account:  all expenses and losses    all incomes 
                                                    and 
                                                   gains.

There are three golden rules of accounting:

1. Personal Account: Debit the reciever and credit the 
giver.

2. Real Account: Debit what comes in and credit what goes 
out.

3. Nominal Account: Debit all expenses and losses and 
credit all profit ang gains.

The golden rule of accounts is-
Every Debit has an equal and corresponding credit.


Accounts can be further classified in to 3 types, i.e-

Personal Accounts, Real or Property Accounts and Nominal or
Fictitious Accounts.


Rules of double entry system in respect of personal, real
and nominal accounts are :-

1. Personal accounts:
   Debit -> Receiver,
   Credit -> Giver.

2. Real accounts:
   Debit -> What comes in,
   Credit -> What goes out.

3. Nominal accounts:
   Debit -> Expenses and Losses,
   Credit -> Incomes and Gains.