What is the three rules of Account & what is debit and
credit

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What is the three rules of Account & what is debit and credit..

Answer / sridharan.v

Golden Rules of Accountancy Are:-

Accont Name Debit Credit
i. Personal A/c The Receiver The Giver

ii. Real A/c What comes in What Goes out

iii. Nominal A/c All Expenses&Losses All Incomes
&Gains

Is This Answer Correct ?    19 Yes 1 No

What is the three rules of Account & what is debit and credit..

Answer / madhuri.a

There are 3 fundemental rules for accounting.


1. personal a/c
2. reala/c
3. Nominal a/c.

While coming to Accountancy Here Debit Means "What Comes IN"
&Credit means "what Goes Out".

Is This Answer Correct ?    9 Yes 3 No

What is the three rules of Account & what is debit and credit..

Answer / ravichandra

Three rules of accounting is
- Real account
- Nominal account
- personnel account

Is This Answer Correct ?    7 Yes 1 No

What is the three rules of Account & what is debit and credit..

Answer / sarvendra singh

Three Rules of Accounting is-
(1)Personal Account:-
Debit the Receiver
Credit The Giver
(2)Real Account:-
Debit What Comes In
Credit in Goes Out
(3)Nominal Account:-
Debit all Expenses & Loses
Credit all Income & Gains

Is This Answer Correct ?    2 Yes 0 No

What is the three rules of Account & what is debit and credit..

Answer / satyaki_raju@yahoo.com

Madhuri madam kindly go thru your answer .You forgot to
answer about the rules in all the three

Is This Answer Correct ?    1 Yes 2 No

What is the three rules of Account & what is debit and credit..

Answer / chandu

debit means what comes in because debit means what comes in
credit means what goes out because credit means what goes
out

Is This Answer Correct ?    0 Yes 1 No

What is the three rules of Account & what is debit and credit..

Answer / shivaraja

1. Personal Account- Debit the receiver of benefit, credit
the giver of benefit.
2.Real Account-Debit what comes in, credit what goes out.
3.Nominal Account -debit all expenses and losses, credit all
income and gains.

Is This Answer Correct ?    0 Yes 1 No

What is the three rules of Account & what is debit and credit..

Answer / srinivas

rules of ac is nominal, personal. real ac debit means what
goes out credit means what comes in

Is This Answer Correct ?    0 Yes 5 No

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