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Categories >> Accounting >> Accounting AllOther
 
 


 

 
Question GOLDEN RULES OF ACCOUNTING
 Question Asked At :: HP, Transworld, Jp Morgan, Scope International, Bank Reconsilation Statment, ORACLE, ORACLE, Hwitt, Intel, Salary Payable In Which Accounts, Salary Payable Si Which Accounts, Hp, JP MORGAN, Flextronics, Ajsa, Zenpact, Personnal Account Rule, Tcs, Northern Transport, Uco,
 Question Submitted By :: dr. r.srinivasan
I also faced this Question!!     Rank Answer Posted By  
 
Answer
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 and gains

 
Swapna
 
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