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Golden rules of accounting
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Answer / anshad
asset increase debit asset decrease credit
expense increase debit expense decrease credit
income decrease debit income increase credit
liability decrease debit liability increase credit
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / k.y.shifana
personal a/c : debit the recevier
credit the giver
real a/c :debit what come in
credit what goes out
nominal a/c :debit all expenses and loses
credit all incoms and gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / neelesh goklani
real a/c- dabit what comes in
credit what goes out
nominal a/c-dabit all exp & loss
credit all income and rev
personal a/c -dabit the giver
credit the recevier
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / karthikraja. k
Personal Account: Debit the receiver
Credit the giver
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Real Account : Debit what comes in
Credit what goes out
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Nominal Account : Debit all expenses and losses
Credit all incomes and gains
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| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / ashish shrivastava
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
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / aradhana
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
when customer debit a value amount that would pay to
customer from bank and when customer credit that would be
income for bank and lose amount for customer because bank
will get an extra amount when they are paying to customer.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sandeep agarwal
Personal Accont: Debit the receiver of the benefit
Credit the receiver of the benefit
Real Acconut: Debit what comes in
Credit what goes out
Nominal Account: Debit all Expenses and Loses
Credit all incomes and gains
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / fareed khan
Real Account: Debit what comes in.
Credit what goes out.
Nominal Account: All Expenses & losses are debit.
All Incomes & Profits are credit.
Individual Account: Debit the Receiver.
Credit the giver.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / sirajunisha
Personal account:Debit what comes in, Credit what goes out.
Real account :Debit the receiver while Credit the giver.
Nominal account :Debit all expenses and losses, Credit all
incomes and gains.
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / chandure
Personal account: Debit the receiver
Credit the giver.
Real account : Debit what comes in
Credit what goes.
out.
Nominal account : Debit all expenses
Credit all incomes & Gains.
| Is This Answer Correct ? | 2 Yes | 1 No |
goodwill value of two and half time of the average of three yare profit of firm total threeyare (1237500)
Comments Elements in accounting
What is BRS? What is the use of BRS?
what do you mean by semi-variable cost?
what is Capital WIP?
1.why mba? 2.why mba finance?
why net profit is added to balance sheet, is there any reason
what is fixed cost?
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
capital reserve and revenue reserve
What are the Journal Entries posted in the books of a Mutual Fund of a Legal Entity in USA in regular accounting?
Guest expenses Rs 5500/-on behalf of partner Aravind was written as Hospitality. Rectify it
Audit 
