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Golden rules of accounting
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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 |
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