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What are the three golden rules of accountancy?
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Answer / mayur shrivastava (+91) 99830-
There are three major golden rules of accountancy as below:-
First one-
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 income & gains.
| Is This Answer Correct ? | 79 Yes | 0 No |
Answer / ganesh
golden rules of accounting
what comes in Dr...
what goes out Cr...
Debit is the receiver
Credit is the giver
all gains and income are credit
all losses and expenses are Debit
| Is This Answer Correct ? | 28 Yes | 1 No |
Answer / khushbu agarwal
Personal A/C - Debit who is receiver
Credit who is giver
Real A/C - Debit what comes in
Credit what goes out
Nominal A/C - All expenses & losses are debit
All incomes & gains are credit
| Is This Answer Correct ? | 26 Yes | 0 No |
Answer / burugupalli v manjunath
personal account-debit the receiver
credit the giver
nominal account-debit all expenses and losses
credit all incomes and gains
real account-debit what comes in
credit what goes out
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / prashant jha
Personal account- debit the reciever credit the giver
Real account-debit what comes in credit what goes out
Nominal account-debit all expences and losses credit all profits and gains
| Is This Answer Correct ? | 7 Yes | 3 No |
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