Answer / raja

Accounting Rules are Classified in to two
Personal Account and Impersonal Account and again Impersonal
account classified in to two Real Account and Nominal Account

Personal A/c :- 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 Income and Revenues

Answer / md asif ali

"GOLDEN RULES(PRINCIPLES) OF ACCOUNTING THEY ARE THREE:
1)PERSONAL A/C:DEBIT THE RECIVER AND CREDIT THE GIVER
2)REAL A/C:DEBIT WHAT COMES IN AND CREDIT THE WHAT GOES OUT
3)NOMINAL A/C:DEBIT THE ALL EXPENSES AND LOSSES AND CREDIT
THE ALL INCOME AND GAINS"

Answer / shiva shankar

3 rules
1.personal ,debit the receiver and credit the giver
2.real , debit what comes in and credit what goes out
3.nominal,debit all expences and losses , credit all
incomes and gains.

Answer / sukanya

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 exp and losses
credit all incomes and gains

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