Golden rules of accounting
Answers were Sorted based on User's Feedback
Answer / mayur & gujar
personal a/c :debit the recevier
credit the giver
real a/c : debit what come in
credit what goes out
nominal a/c :debit all expenses & loses
credit all profit & gain
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / venkatesh.j
real a/c : debit what come in
credit what goes out
nominal a/c :debit all expenses & loses
credit all profit & gain
personal a/c :debit the recevier
credit the giver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / yeshpal dinkar
Real a/c : Debit what comes in
Credit what goes out
Nominal A/c : Debit all expenses & losses
Credit all profit & gain
Personal A/c : Debit the receiver
Credit the giver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / deendayal
DEBIT THE RECEIVER
CREDIT THE GIVER
DEBIT ALL EXPENSES & LOSSES
CREDIT ALL PROFIT AND GAINS
DEBIT WHAT COME IN
CREDIT WHAT GOES OUT
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vijaychander
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 Incomes and Gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / devadoss
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 | 1 No |
Answer / ranjan prasad biswal
REAL A/C :DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL A/C :DEBIT ALL EXPENSES & LOSES
CREDIT ALL INCOME & GAINS
PERSONAL A/C :DEBIT THE RECEIVER
CREDIT THE GIVERS
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / almighty
No one knows any thing they are fools and wasting other
times if they are well known than write the 4th golden
accounting rule
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / saravana.g
personal: The debit the recive
credit the giver
REal : Debit what comes in
credit what goes out
Nominal :Debit all expencessand lossess
Credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / k.durgadevi
PERSONAL A\C
DEBIT THE RECEIVER
CREDIT THE GIVER
REAL A\C
WHAT COMES IN
WHAT GOES OUT
NOMINAL A\C
ALL EXPENSES AND LOSSES
ALL INCOME AND GAINS
| Is This Answer Correct ? | 0 Yes | 0 No |
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
what is main rule of accounting?
What is general ledger?
what is the difference between cash flow and profit and loss account?
what is debit note received entry ?
what is interest on drawings
Short Answer on ___________Journal
A firms average total cost is Rs.300 at 5 units of output and Rs.320 at 6 units of output the marginal cost of producing the 6th unit is................
please send me a HSBC basic accounting question & answers to my mail id.
A cheque of Rs 65000/- received from aruna traders dishoured
Mr. A purchased a car worth of rupees 2,00,000 on cash than what would be the entry
define the REVENUE