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Golden rules of accounting
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Answer / aryadipta
increase in asset is debit
decrease in asset is credit
increase in Liabilities is crebit
decrease in Liabilities is dedit
All expenses & losses are debits
All incomes 7 profits are credits
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / sudhakar (tuli)
Real account-- debit what comes in credit what goes out
Nominal account--debit all expenses and loss credit all income and gains
personal account--debit the giver credit the receiver
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / k. navaz
Real Accounts : Debit what comes in
Credit what goes out
Nominal Accounts : Debit all Expenses and Lossess
Credit all Incomes and Revenues
Personal Accounts: Debit the Giver
Credit the Receiver
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / md.muheed
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 | 1 No |
Answer / abhishek
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 | 1 No |
Answer / vishal
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 | 1 No |
Answer / manish chourasia rohini, deogh
1.REAL ACCOUNT:-DEBIT WHAT COME IN
CREDIT WHAT GOES OUT
2. NOMINAL ACCOUNT:-DEBIT ALL EXPENSES & LOSES
CREDIT ALL PROFIT & GAIN
3. PERSONAL ACCOUNT :- DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / manish chourasia rohini, deogh
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 | 1 No |
Answer / sahapdeen
real a/c - debit what comes 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 revenues
| Is This Answer Correct ? | 0 Yes | 1 No |
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