Answer / b.mohamed hanifa

REAL A/C :DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

PERSONAL A/C :DEBIT THE RECIVER
CREDIT THE GIVER

NOMINAL A/C :DEBIT ALL EXPANSES AND LOSSES
CREDIT ALL INCOME AND GAIN

Answer / k anantha babu

Golden Rules of Accounting

Personal Account 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 Incomes and Gains

Answer / uday mandal

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER

Answer / milind sawant

there are 4 Golden Rules of accounting

1 personel * debit the receiver
* credit the giver

2 real * debit what comes in
* credit what goes out

3 nominal * debit all expences and losses ex discount
recieved,commission received
* credit all incomes and gains ex salary,
rent,advertisment,

4 personel representive a/c

Answer / prashant

Real A/c :- Dr. What come in
Cr. What goes Out
Example Purchases & Sales
Personal A/c :- Dr. the giver
Cr. The Receiver
Example Bank a/c. Mr. A A/c


Nominal A/c :- Dr. All expenses & losses
Cr.All Income & gains

Example Salary A/c , Bad Debts A/c,Discount Received A/c

Answer / shrikrishan shahani

in my own words
shrikrishan1990world@gmail.com
9466284356


the three golden rules of accounting









► In given below examples of personal accounts we use
the rule………
“Debit the receiver and credit the giver”.

▓ In natural personal accounts we include:-

Any person name;
Capital account;
Drawing account;
Debtors account;
Creditors account etc.

▓ Artificial personal account is not an actual person but
these are treated as personal account:-

Like ……..
Bank account;
Organization, companies account etc.

▓ Representative personal account:-

Outstanding salary due to staff;
Prepaid expenses;
Accrued income;
Unearned income etc.







► Real account which is calculated as amount

“Debit what come in and credit what goes out.”


Real account has to types: 1 Tangible;
2
Intangible.








► All accounts of business income and expenses are
called nominal account:

"Debit all expenses and losses and credit all income and
gains”

Answer / ajeet shekhawat

Accounting defination is so simple while business we
collect our data and create our accounts. in accounts we
use three account catagories. as like first personal a/c,
second nominal a/c and last real a/c. method of use to this
a/c only use debit & credit. but some adjustement is must.

Personal a/c - debit what comes in, credit what goes out
nominal a/c - debit all expences and losses, Credit all
gains and incomes.
Real a/c- debit all reciever while credit tha giver.

Answer / dinesh kumar k

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

Answer / owusu albert

debit the receiver and credit the giver

Answer / hitesh

real a/c : debit what come in
credit what goes out

nominal a/c :debit all expenses & loses
credit all profit & gain

personal a/c :debit the recevier
credit the giver

WHAT IS TITLE OF VAT RETURN?

0 Answers  

What is Contigent Liability?

3 Answers  

Invoice for Rs 492650/- is inclusive of 14.5% VAT. Pl calculate Basic Rate for the material.

4 Answers  

What is the journal entry for Stale Cheque?

6 Answers   College School Exams Tests, TATA,

What is the entry for forfeiture of shares?

6 Answers   Capital IQ,

Who are called as partners

3 Answers  

What accounting records must a company charity keep, and for how long?

2 Answers  

EXPAND_________SRC

1 Answers  

WHAT ARE LIMITATIONS OF ACCOUNTS ?

4 Answers  

what is the quick asset

14 Answers   Deloitte,

what is opening brs in tally

1 Answers  

What are Entry in Tally of payment from Creadit card of Petrol and Diesel ?

5 Answers   Indian Driving School,