can you give me debit n credit rules

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can you give me debit n credit rules ..

Answer / rama

3 Golden rules of Accounting

1.Debit the receiver,Credit the giver.
2.Debit what comes in,Credit what goes out.
3.Debit all expenses and losses,credit all gain and income.

Is This Answer Correct ?    18 Yes 3 No

can you give me debit n credit rules ..

Answer / mani - tnmsc

Golden Rules of Accounting

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 and Losses
Credit - All Incomes and Gains

Is This Answer Correct ?    5 Yes 0 No

can you give me debit n credit rules ..

Answer / munawar

3 Golden rules of Accounting

1.Debit the receiver,Credit the giver.(Personal account)
2.Debit what comes in,Credit what goes out.(Real account)
3.Debit all expenses and losses,credit all gain and
income.(Nominal account)

Is This Answer Correct ?    2 Yes 0 No

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