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What is the rule of accounting
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Answer / pooja
THERE ARE 3 RULE OF ACCOUNTING-
1) PERSONAL RULE- DEBIT THE RECEIVER
CREDIT THE GIVER
2)REAL ACCOUNT- DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
3)NOMINAL ACCOUNT- DEBIT ALL EXPENSES & LOSSES
CREDIT ALL GAINS & INCOMES.
| Is This Answer Correct ? | 36 Yes | 2 No |
Answer / shivanand belavatagi
There are three rules in accounting
1) PERSONAL ACCOUNT- DEBIT THE RECEVER AND
CREDIT THE GIVER
2) REAL ACCOUNT- DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
3)NOMINAL ACCOUNT- DEBIT ALL EXPENSES & LOSSES
CREDIT ALL GAINS & INCOMES.
| Is This Answer Correct ? | 29 Yes | 1 No |
Answer / guest
There are three rules of Accounts
1. Personal account
Debit the receiver
Credit the giver
2. Real account
Debit what comes in
Credit what goes out
3. Nominal account
Debit all expenses and losses
credit all gains and incomes
| Is This Answer Correct ? | 7 Yes | 0 No |
There are one rule of Acconuting.which is known as Golden
rule
For Personal A/c:
Debit the receiver
Credit the giver
For Real A/c:
What comes in Debit
What goes out Credit
For Nomainal A/c:
All expenses & losses are Debit
All income & gains are Credit
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / bhaskararao
There are three fundamental rules of accounting standards
1 personal account debit the received and credit is giver
2.real account debit what comes in credit what goes out
3.nomainal account debit all expenses and credit all
incomes and gains
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / satish ghatage d
Rule of Accounting or Golden rules of accounting both are same
Golden rules of accounting are as follows:
1. Personal Accounts: Debit the receiver Credit the giver.
2. Real Accounts: Debit what comes in Credit what goes out.
3. Nominal Accounts: Debit all expenses and losses Credit all Incomes and gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mk reddy
there are 3 types of accounts.such as
1.personal account
2.real account
3.nominal account
1.personal account:-- debit is the receiver and credit is 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 incomes and gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
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