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what is the three basic rule of journel

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what is the three basic rule of journel..

Answer / suman baranwal

Rule of journal is based on nature of accounts:-
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 expenses & losses, credit all incomes
& gains.

Is This Answer Correct ?    16 Yes 0 No

what is the three basic rule of journel..

Answer / amit kumar

Rule of journal is based on nature of accounts:-
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 expenses & losses, credit all incomes
& gains.
is right.

Is This Answer Correct ?    4 Yes 0 No

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