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Golden rules of accounting..

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 GAINS

Is This Answer Correct ?    1 Yes 0 No

Golden rules of accounting..

Answer / padmini

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 ?    1 Yes 0 No

Golden rules of accounting..

Answer / navpreet kaur dhillon

REAL A/C: DR:WHAT GOES OUT
CR:WHAT COMES IN
PERSONAL A/C:DEBIT THE GIVER
CREDIT THE RECIEVER
NOMINAL A/C: DEBIT ALL EXPENCES & LOSSES
CREDIT ALL INCOME & GAIN

I WANT TO ASK ALL THAT IF DEBIT MEANS WHAT COMES IN THEN
HOW CAN IT BECOME EXPENSES & LOSSES IN NOMINAL A/C. PLEASE
JUST CORRECT ME BECAUSE I AM A NEW LEARNER

Is This Answer Correct ?    1 Yes 0 No

Golden rules of accounting..

Answer / b.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

Is This Answer Correct ?    1 Yes 0 No

Golden rules of accounting..

Answer / shafi 9760366175

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 expences and losses
Credit all incomes and gains

Is This Answer Correct ?    1 Yes 0 No

Golden rules of accounting..

Answer / babul kumar singh

Accounting is mainly classified under three categories
which are below,and For each and every transaction
there will be two aspects,ie,. Debit and credit.

Nominal Accounting: Debit all Expenses and Losses
Credit all Incomes and Gains
(Its related to incomes and expenditure (both Direct &
Indirect))

Personal Accounting: Debit the Receiver
Credit the Giver
(Its is related to person, firm etc....................)



Real Accounting: Debit What comes in
Credit what goes out.
(Its related to goods, cash etc.......................)

Is This Answer Correct ?    1 Yes 0 No

Golden rules of accounting..

Answer / p. dhanasekar

Real Account
Personal Account
Nominal Account
Representative Personal Account
Valuation Accounting

Is This Answer Correct ?    2 Yes 1 No

Golden rules of accounting..

Answer / macchindra sambhaji kadlag

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 expences and losses
Credit all incomes and gains

Is This Answer Correct ?    1 Yes 0 No

Golden rules of accounting..

Answer / valli r

Personal A/c: Debit the receiver
Credit the Giver

Real A/C : Dr. What come in
Cr. What goes out

Nominal A/C : Dr. All expense & loss
Cr. All incomes & gains

Is This Answer Correct ?    2 Yes 1 No

Golden rules of accounting..

Answer / senthamil kumaran

Personal Account: Debit the receiver
credit the giver

Nominal Account : Debit all expenses and losses
credit all incomes and gains

Real Account : what comes in Debit
what goes out credit

Is This Answer Correct ?    1 Yes 0 No

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More Accounting AllOther Interview Questions

How much time does it take for a pay order to be made?

1 Answers  


Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note

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what is Calculation of Gross Profit Or Gross Loss?

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Why assets and expenses debited

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What is the journal entry for Call and a Put option both in the books of buyer and seller

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when calculating for np% do i include interest or do i take it off

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balance sheet means what?i hav to make 1 software in tat i hav to convert accounts data to tally balance sheet format?

1 Answers  


Why does one need a broker?

0 Answers   Mellon,


how i got knowledge about custom and excise i want rate list of custome and excise how we summit return of custom and excise , Is it include with ser. tax

0 Answers  


What is the uses of invoices? how many types of invoices, and difference between invoice and voucher, invoice and bill?

1 Answers   Impetus,


Let me know the differences between singlr entry and double entry system of accounts

3 Answers  


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