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"What is the golden rules of accounting"
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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
| Is This Answer Correct ? | 38 Yes | 2 No |
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"
| Is This Answer Correct ? | 30 Yes | 1 No |
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.
| Is This Answer Correct ? | 5 Yes | 0 No |
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
| Is This Answer Correct ? | 0 Yes | 0 No |
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