golden ruls of accounting

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golden ruls of accounting..

Answer / v.k.tanseer shadab

The term golden rules reffers to the three basic principle
is to be followed in double entry system of book keeping.
based on the a/c, normally a/c may be classified into two
types. viz.personal & Impersonal
In Personal - all Natural & Artificial person a/c is
considered.
where as in Im personal - Real & Nominal in taken in
consideration

Rule 1.for Pesonal A/c is Debit= The Receiver of Benefit
Credit= The Giver of Benefit

Rule 2.for Real A/c is Debit= What comes in
Credit= What goes out

Rule 3.for Nominal A/c is Debit= All Expenses and Losess
Credit= All Incomes and Gains

Is This Answer Correct ?

19 Yes

1 No

golden ruls of accounting..

Answer / karthi

real account

personal account

nominal account

Is This Answer Correct ?

3 Yes

1 No

golden ruls of accounting..

Answer / ajit kumar

personal accounts
dr. recever's account
cr. giver's account
real account

dr. what come in (things)
cr. what goes out(things)
real account

dr. all expenses in compamy
cr. all encomes in company

Is This Answer Correct ?

1 Yes

1 No

golden ruls of accounting..

Answer / pooja

Real Account-dr what comes in
cr what goes out

Personal Account-dr the reciver
cr the giver

Nominal Account -dr the gains and expenses
cr the income and loses

Is This Answer Correct ?

4 Yes

14 No

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