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Golden Words Of Accounting?
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personal a/c
Dr. the receiver, cr. the giver
real....
dr. what comes in, cr. what goes our
nominal....
dr. all expenses/losses, cr. all income/gains
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / raghu.v
Golden Rules are 3.
1.Personal Account
2.Real Account
3.Nominal Account.
1.Persona A/c
Debit:The receiver
Credit:The giver
2.Real A/c
Debit:What comes in
Credit:What Goes out
3.Nominal A/c
Debit:All expenses and Losses
Credit:All Income and Gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / nisha sagore
golden words of accounting is there 3 rules
1. Personal a/c
Debit the receiver, Credit the giver.
2. Real a/c
Debit what comes in, credit what goes out.
3. Nominal a/c
Debit all expeness & losses, Credit all income & gains.
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