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Golden rules of accounting
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Answer / faisal khan swati
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 / imtiyaz
real a/c : debit what come in
credit what goes out
personal a/c :debit the recevier
credit the giver
nominal a/c :debit all expenses & loses
credit all profit & gain
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / manoj kachrekar
Real A/c : debit was comes in
credit was goes out
Nominal A/c : Debit all expenses & losses
Credit all profit & gains
Personal A/c : debit the receiver
credit the giver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / yalka
personal account : debit the giver
credit the receiver
real account : debit what comes in
credit what goes out
nominal account : debit all expenses and loss
credit all income and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pankz
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 / jyotish prasad kakati
THERE ARE MAINLY THREE TYPES OF ACCOUNT IN GOLDEN RULES
THEY ARE AS FOLLOWS:
PERSONAL ACCOUNT- ALL THE RECEIVER IS DEBIT
ALL THE GIVER IS CREDIT
NOMINAL ACCOUNT- ALL EXPENSES AND LOSSES ARE DEBIT
ALL INCOME AND GAINS ARE CREDIT
REAL ACCOUNT- WHAT COMES IN DEBIT
WHAT GOES OUT CREDIT
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / gaurav n. godhwani
Real Account debit what comes in
credit what goes out
Nominal Account debit all expenses and loses
credit all income and revenues
Real Account debit the giver
credit the receiver
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mohamed naisar
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 profit & gain
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vinay
Personal a/c : Debit the receiver
credit the giver
Real a/c : Debit what comes i
Credit what goes out
Nominal a/c :Debit all expencess and loses
Credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / raj pandey
accounts is recording classifieds posting.
real a/c- Dr was comes in
Cr was goes out.
nominal a/c- all exps & loss Dr
all income & gain Cr.
porsonal a/c- Dr the reciver.
Cr the giver.
| Is This Answer Correct ? | 0 Yes | 0 No |
expand C M P F
EXPAND_______________TSI
what is delapidation
E-1,E-2 form received against which sale?
Actually we had Posted P.V.C bills to Indian Railway the total bills amount is Rs.10,00,000/-, and government had passed only Rs. 8,00,000/- and gov. had said that there are no more P.V.c bills are lying outstanding in their a/c, so for now are claiming Rs. 2,00,000/- as loss on sale, i m totally confused what would be the impact on the Profit and loss a/c , and in which group it will come,if I do a entry of:- dr. Central sale @12.5% a/c Rs.2,00,00/- Cr. Loss on sale a/c Rs.2,00,000/- or Will i adjust the Cst@12.5% on Pricipal Value, or will i pass on the entry on total amount i.e Rs.2,00,00/- Plz guide,me soon.
what is diffarant tds and incometex.
What is Mean By FRS for HQ reporting, How To Prepare?
• What are the types of cash flows?
EXPAND_________SER
Define Payee
a trader sold an article for Rs 714/-after allowing discount of 15%.If not allowed discount he would have make 20%profit. If so what will be thwe cost price of the article
Expand-----------MRP
Audit 
