Golden rules of accounting
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
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 |
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 |
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 |
Answer / p. dhanasekar
Real Account
Personal Account
Nominal Account
Representative Personal Account
Valuation Accounting
Is This Answer Correct ? | 2 Yes | 1 No |
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 |
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 |
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 |
what do Loan Loss Coverage Ratio mens describe it with examples?
Hello, Can u tell me the procedure of Sale Tax Registration in Jharkhand. (VAT & CST )WITH Supporting Proof
PL TELL ME PHONE OR MOBAIL IS OUR ASSETS IF YES CAN I TAKE AS ASSETS IN MY BALANCESHEET & PL TELL ME DEPRECIATION JOURNAL ENTRY
what diff. between panelty and interest in d-vat.what is the rate of panelty and intrest?
Why do call p&la/cas a P&l a/c ?, why not P{or}L a/c
13 Answers Bank Of America, JPMorgan Chase,
Which Accounting Standard deals with infltion? and how?
Eurodollars are best desirbe as
Definition of partnership
what are the difference between banking institutions and financial institutions?
How To Take Sheet 1 Data To Sheet 4 Without Cut,Copy ,Paste
I have an S Corporation called Trend Foods Inc. I would like to make a division of that company that services computers and call that Trend Computer Service. I do not want to set up another Corporation for Trend Computer Service. Can I just make a division of Trend Foods and what paperwork do I need to fill out to make that happen? Thanks for the help, Jim
tell the ratio where the numerator and denominator should contain one from asset side and other from liabilities side