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Golden rules of accounting
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Answer / abhilash
Personal :Debit the Receiver
Credit the Giver
Real :Debit What comes in
Credit What Goes Out
Nominal :Debit All Expenses & Losses
Credit All Incomes & Gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / geetanjali
REAL A/C WHAT COMES IN DEBIT
WHAT GOES IN CREDIT
NOMINAL A/C ALL EXPENDITURE AND LOSS IN DEBIT
ALL INCOMES AND GAINS IN CREDIT
PERSONAL A/C DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ritesh roy
PERSONAL A/C - Debit the receiver & credit the giver.
REAL A/C - Debit what comes & credit what goes out.
NOMINAL A/C - Debit all expenses & credit All Income And Gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sabiulah
personal A/c :debit the receiver
credit the giver
real A/c :debit what comes in
credit what goes out
nominal A/ : debit all expenditure and losses
credit all income and revenue
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bismaya dhal
Real A/c : Debit what comes in.
Credit what goes out.
Personal A/c : Debit the receiver.
Credit the giver.
Nominal A/c : Debit Expenses & Losses.
Credit Income & Gains/Revenues.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nikita shah
REAL A/C : DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL A/C :DEBIT ALL EXPENSES & LOSES
CREDIT ALL PROFITS & GAIN
PERSONAL A/C :DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / chinni
PERSONAL a/C: DEBIT THE RECEIVER
CREDIT THE GIVER
REAL a/C: WHAT COMES IN DEBIT
WHAT GOES OUT CREDIT
NOMINAL a/C: ALL EXPENSES AND LOSSES ARE DEBIT
ALL INCOMES AND GAINS ARE CREDIT
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / md nadim khan
GOLDEN RULES OF AUUOUNTING
REAL A/C:-DEBIT WHAT COME IN
CREDIT WHAT GOES OUT
PERSONAL A/C:-DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL A/C:-DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ravindra
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 |
Answer / pradip s
PERSONAL A/C DEBIT THE RECEIVER,CREDIT THE GIVER.
REAL A/C DEBIT WHAT COMES IN,CREDIT WHATS GOES OUT.
NOMINAL A/C DEBIT ALL EXPENSES AND LOSSES,CREDIT ALL INCOMES
AND GAINS.
| Is This Answer Correct ? | 0 Yes | 0 No |
Why net profit transfer to liablity side ?
how many types of practice accounts?
Expand ------BSP
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
what happens to each of the three primary financial statements when gross margin decreases?
what are athe accounting principles?
How the Basic salary will be fix for an employee?
Expand ----------GIDB
what is capital market and money market? what is primary market and secondary market?
Expand ------AQIM
what are the concepts & conventions of accounting?
Distinguish between Piece rate and Time rate?
Audit 
