Golden rules of accounting
Answers were Sorted based on User's Feedback
Answer / sarvesh bhushan
Personal A/c : Debit the receiver
Credit the giver
Real A/c : Debit what comes in
Credit what goes out
Nominal A/c : Debit Loss and Expense
Credit Profit and Gains
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sangita marne
REAL A/C: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL A/C:DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL A/C:DEBIT ALL EXPENSES & GAINS
CREDIT ALL INCOME & LOSSES
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sam
Personal Account - Debit is receiver
Credit is giver
Nominal Account - Debit all the losses and expenses
Credit all the profit and gains
Real Account - Debit what comes in
Credit what goes out
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / hiten
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
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / somnath nandi
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 RECEIVER
CREDIT THE GIVER
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / raj
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 income and gain
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shib sankar mitra
PERSONAL ACCOUNTS = Receiver of Benefit__________________ Dr.
Giver of Benifit ____________________ Cr.
Real Accounts = Whats Comes In __________________________ Dr.
Whats Goes Out __________________________ Cr.
Nominal Accounts= All Expenses & Losses _________________ Dr.
Income & gain _________________________ Cr.
Example= 1. Personal A/C Mr. A =Dr. & Capital = Cr.
2. Real A/C Cash= Dr, & Cr.
3. Nominal A/C = Purchase = Dr. & sales= Cr.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / fen tak
rea/ac debit what comes and credit what goes
personal debit reciver credit giver
nomial drebit expensives and loss
credit gain and income
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / faheem husain
1.Real Accounts
Debit What comes in
Credit What goes out,
2.Nominal Accounts
Debit all the expenses and losses
Credit all the incomes and gains,
3.Personal Accounts
Debit the receiver
Credit the giver,
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / amitava sarkar
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 PROFITS AND GAINS
Is This Answer Correct ? | 1 Yes | 1 No |
WHAT ARE THE TDS RATES ON VAT IN ANDHRAPRADESH STATE.
Define bank Cheque
In tally drawing accounts come under which account
give me only one transactions in both side (debit&credit) should be in real accounts
What is TDS & why it is deducted?
What is the diffrecnce between liabilities and owner's equity?
Expand--------CMTS
Bank Charges (FIRC CHARGES) what the meaning of FIRC Charges?
Expand R P I
ACCOUNTING CONCEPTS AND CONVENTIONS
4 Answers Bajaj, Bajaj Capital,
differed tax liability
what is a depository?