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Accounting golden rules?
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Answer / pooja rani
There is a 3 golden rules of accounting
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 INCOMES AND REVENUES
| Is This Answer Correct ? | 22 Yes | 1 No |
Answer / akash
1.debit is the receiver & credit is the giver
2.debit what comes in & credit what goes out.
3.all expenses and losses are debit & all income and gains
are credit
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / ashit kumar mallick
There is a 3 golden rules of accounting
1. PERSONAL ACCOUNT
2- IMPERSONAL ACCOUNT
Personal Account is divided 2 part that is called PERSONAL
ACCOUNT & REAL ACCOUNT
1 .Personal Account= Debit is the receiver Credit is the
giver
2 Real Account= Debit what comes in & Credit what goes out
IMPERSONAL ACCOUNT
Divided in 1 part that is called NOMINAL ACCOUNT
Nominal Account= Debit all expenses & losses Credit all
incomes & gains
| Is This Answer Correct ? | 1 Yes | 2 No |
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