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wat is the golden rule of accounting
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Answer / sreeram
HI this is Sreeram,
the golden rules for Accounting would be:
Personal,
Real,
Nominal.
Personal Account : Debit the receiver and credit the giver
Real Account : What comes in Debit and What goes out Credit.
Nominal Account : All expenses and losses debiy and all
incomes and gains credit.
| Is This Answer Correct ? | 72 Yes | 3 No |
Answer / rajender reddy.k
THERE ARE THREE GOLDEN RULES OF ACCOUTING:
1.PERSONAL A/C: In which debit the receiver and credit the
giver.
2.REAL A/C:Debit what comes in and Credit what goes out.
3.NOMINAL A/C:Debit all expenses and losses and Credit all
incomes and gains
| Is This Answer Correct ? | 30 Yes | 3 No |
Answer / nikita gupta
Real A/c-Dr. what comes in
Cr. what goes out.
Personel A/c- Dr. the receiver
Cr. the giver
Nominal A/c- Dr. all Exp. & Loss
cr. all income & gains.
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / saroj behera
the following answer are golden rule of accounting
Personal accounting- debit is the receiver and credit is the
giver
Real account- what comes in debit and what goes out is credit
Nominal account- all expenditure or losses is debit and all
income or gains is credit
| Is This Answer Correct ? | 9 Yes | 1 No |
Answer / ravi shankar(yemmiganur)
hai this is ravishankar
the golden rule of accountings are personal,real and
nominalaccounts.
personala/c: the personal accounts means accounts which show
transaction with person is called personal account.
the principel is debit is the reciver and credit is the giver.
Reala/c: the accounts related to properties and assets is
called real a/c.
the principel is debit what comes in and credit what
goes out.
Nomiala/c: the accounts related to incomes,expenses and
losses that is called nominal a/c.
the principel is debit all expenses and losses and credit
all incomes and gains.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / jyoti ghadi
Important/Basic Rule Of Accounting
Personal A/C : Debit The Receiver
Credit The Giver
Real A/C : Debit What Comes In
Credit what Goes out
Nominal A/C : Debit All Expenses & Losses,
Credit All Income & Gains
| Is This Answer Correct ? | 1 Yes | 0 No |
The Accounts are devided in to 3 types. they are Personal
Account, Real Account & Real Account.
According to Generally Accepted Accountig Principles....
Personal Account - debit the Receiver and 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.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / v sakkthivel
Personal A/c- (Name of person and company)
Debit the receiver and credit the givert
Real/property account: assets and property account
Debit what comes in and credit what goes out
Nominal account: any type of income and gain(either
intrest, discount received from any sources)
Any type of expenses either may be intrest or discount
allowed like wise)
Debit all expenses and losses
credit all income and gain
| Is This Answer Correct ? | 0 Yes | 1 No |
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