Answer / navdeep singh

personal a/c :debit the recevier
credit the giver
real A/c : Debit what comes in
Credit what goes out
Nominal a/c : Debit all Loss and Expenses
Credit all Incomes and gains.

Answer / shashi kumar.r

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 gains and incomes

Answer / ramesh behera

Golden rules of accounting


Personal A/c- Debit the receiver
Credit the giver
personal A/c relalted Ram, gopal Etc for Exp-Purchase goods
purchase from ram on credit in this case Ram is the Pesonal
A/c Rules
purchase A/c Dr
to
Ram A/c Cr
Real A/c-Debit whats comes in
Credit whats goes out
Real A/c Related goods, cash etc For Exp-Purchase furniture.

Rules
Furniture A/c Dr
to
cash
Nomila A/c-Debit All the Expenses & Losess
Credit All the Income & Gains
Nomila A/c Related-Bad debt Bad debt Recovery etc For Exp-
Sales Goods to ram Rs-5000 but received from his Rs-4500.

Rules
Cash A/c 4500 Dr
Bad debt A/c 500 Dr
to
Ram A/c 5000 Cr

Answer / lakhan

personal a/c debit the recevier
credit the giver

real a/c debit what comes in
credit what gose out

nominal a/c debit all expenses nd loses
credit all profit nd gains

Answer / trinath

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

Answer / devraj

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

Answer / kalpana dudhate

Real Account : Debit what comes in
Credit what goes out

Nominal Account : Debit all expenses and losses
Credit all incomes and gains

Personal Account : Debit the Receiver
Credit the giver

Answer / mohammed asim.v

REAL ACCOUNT :DEBIT WHAT COMRS IN
CREDIT WHAT GOES OUT

PERSONAL ACCOUNT :DEBIT THE RECEIVER
CREDIT THE GIVER

NOMINAL ACCOUNT :DEBIT ALL EXPENSES AND LOSES
CREDIT ALL GAINS AND INCOMES

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 & losses
Credit all income & gains

Answer / hema

Personal Account - Debit the Receiver
Credit the Giver

Real Account - Debit What Comes in
Credit What goes out

Nominal Account - Debit all expenses and loses
credit all incomes and gains

classify the following into personal,real,nominal a/c-capital interest, purchase,drawing,sales return,outstanding rent,bills payable,club a/c, bill's receivable,bills payable,salary

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