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Golden rules of accounting
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Answer / rajesh.piriya
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 GIVER
CREDIT THE RECEIVER
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shruthi h
personal account- Debit the receiver
Credit the giver
real account - Debit What comes in
Credit what goes out
naminal Account - Debit All expences and losses
Credit All Income and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / munna
personal account : receiver should be debited
giver should be credited
real account : what comes in credit
what goes out is credit
nominal account : expenses and losses is debited
profits and gains is credited.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pvn pavankumap
they are 3 types of accounting principles
pesronal account : debit the reciver
credit the giver
real account : debit what comes in
credit what goes out
nominal account : debit all expenses & loses
credit all profit & gain
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / manish kumar shaw
Personal Account :-
Debit the receiver
Credit the giver.
Real account :-
Debit what comes in
Credit what goes out.
Nominal Account :-
All expenses and losses are Debit
All incomes, profits and gains are Credit.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mahesh
1) Personal Account Debit the receiver
Credit the giver
2) Real Account Debit what comes in
Credit what goes out
3) Nominal Account Debit all expenses & losses
Credit all income & gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / jayashree satish poojary
GOLDN RULES OF ACCOUNTING:
1. REAL A/C-DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
2. NOMINAL A/C-DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
3. PERSONAL A/C-DEDIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sk sahine aktar
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 ? | 0 Yes | 0 No |
Answer / deepshikha
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 & LOSSES
CREDIT ALL INCOMES & GAINS
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rabi
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 ? | 0 Yes | 0 No |
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