Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 712455 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
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 is the difference between Depreciation charged in P&L a/c and the Depreciation deducted from Assets' value in Balance Sheet, in an accounting period?
2 Answers ABC, Thomson Reuters,
What does my credit score mean?
what are the questions put-up on interview in the field of finance operations work ?
how to maintain stock if any entry mismatch pllzz tell me short cut
What is the meaning of Debt reconciliation and how to do debt reconciliation?
Expand A V C
If I am forget to deposit TDS of An Party than what's the procedure to rectify it, Please mention in detail?
EXPAND_________VIT
investment banking
2 Answers Capital IQ, RRDonnelley, Wipro,
Expand-----CIMA
WHAT IS THE MEANING OF INDENTURE?
what is merchant banking ?
Audit 
