what are the golden principle of accounting?
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Answer / vinay
Golden Principles of Accounting :
Personal A/c : Debit the receiver and credit the giver.
Real A/c : Debit what comes in credit what goes out
Nominal A/c : Debit all expenses and losses credit all
incomes and gains .
| Is This Answer Correct ? | 107 Yes | 2 No |
Answer / shravan singh
there are three type of accounting they are
1.personal account.
debit the reciver.
credit the giver.
2.real account.
debit whats come in.
credit whats goes out.
3.nominal account.
debit all expenses and losses.
credit all income and gains.
| Is This Answer Correct ? | 37 Yes | 1 No |
Personal Accounts
Debit The Receiver
Credit The Giver
Nominal Accounts
Debit Expenses and Losses
Credit Incomes and Gains
Real Accounts
Debit What Comes In
Credit What Goes out
| Is This Answer Correct ? | 21 Yes | 1 No |
Answer / r.sumithra devi
THERE ARE TWO TYPES OF ACCOUNTING RULES AS FOLLOWS:
1)PERSONAL ACCOUNTS
2)IMPERSONAL ACCOUNTS
IMPERSONAL ACCOUNTS AGAIN DIVIDED INTO TWO TYPES THEY ARE
AS FOLLOWS:
1)REAL ACCOUNTS
2)NOMINAL ACCOUNTS
PERSONAL ACCOUNT : DEBIT THE RECEIVER & CREDIT THE GIVER
REAL ACCOUNT : DEBIT WHAT COMES IN & CREDIT WHAT GOES
OUT
NOMINAL ACCOUNT : DEBIT ALL EXPENSES AND LOSSES & CREDIT
ALL INCOMES & GAINS
| Is This Answer Correct ? | 22 Yes | 6 No |
Answer / anjali
1. Real A/C - Debit what comes in and Credit what goes out
2. Personal A/C - Debit the receiver and Credit the giver
3. Nominal A/C - Debit all expenses and losses, Credit all incomes and gains.
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / maikulal
if personal a/c incresed than credit
if personal a/c decreas than debit
if real a/c incresed than debit
if real a/c decreas than credit
if nominal a/c incresed than credit
if nominal a/c decreas than debit.
| Is This Answer Correct ? | 23 Yes | 22 No |
Answer / rahul chauhan
Person A/C - Debit the Reviver AND Credit the Giver
Real A/c - Debit whats come in AND Credit whats Goes Out
Nominal A/c - Debit all expenses and Loses And Credit all Profit and Gain.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / narayan
1, personal accounts
2, real accounts
3 nominal accounts
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / narendra rastogi
if personal a/c incresed than credit
if personal a/c decreas than debit
| Is This Answer Correct ? | 3 Yes | 11 No |
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