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Golden rules of accounting
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Answer / dheeraj kumar bansal
Golden Rules of Accounting
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 ? | 17 Yes | 1 No |
Answer / ravi
personal : name of the persons&organisations
rule : "debit the receiver credit the giver"
real : include fixed assets,current assets
rule : "debit what comes in credit what goes out"
nominal : deals with exp& incomes
rule : debit all exp&losses, credit all incm&gains
| Is This Answer Correct ? | 18 Yes | 3 No |
Answer / arul sakthi
GOLDEN RULES OF ACCOUNTING:
I. PERSONAL ACCOUNT:
i. DEBIT THE RECEIVER
ii. CREDIT THE GIVER
II. IMPERSONAL ACCOUNT
1.REAL ACCOUNT:
i. DEBIT WHAT COMES IN
ii. CREDIT WHAT GOES OUT
2. NOMINAL ACCOUNT:
i. DEBIT ALL EXPENSES AND LOSSES
ii. CREDIT ALL INCOMES AND GAINS
| Is This Answer Correct ? | 16 Yes | 3 No |
Answer / richa gupta
Personal A/c: Debit the receiver
Credit the Giver
Real A/C : Dr. What come in
Cr. What goes out
Nominal A/C : Dr. All expense & loss
Cr. All incomes & gains
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / indhumathi
personal a\c debit the reciver
crrdit the giver
real a\c debit what come in
credit what gose out
nominal a\c debit all loss
credit all gain
| Is This Answer Correct ? | 13 Yes | 0 No |
Answer / jiban tripathy
personal account:debit is the receiver
credit is the giver.
real account: debit what comes in ,
credit what goes out.
nominal account: debit what expenses & losses,
credit what incomes & gains.
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / sonesh kumar
There are three rules of accounting---
1-real account(e.g.cash,good,etc)
debit-what comes in
credit-what goes out
2-personal(e.g.company name,firm)
debit-benifit to receiver
credit-benifit to giver
3-nominal account(e.g. exp.&income)
debit-all exp. and losses
credit-all income and gain
| Is This Answer Correct ? | 14 Yes | 2 No |
Answer / safalya das
Real Account - Debit what comes in
Credit what goes out
Personal Account - Debit the receiver
Credit the giver
Nominal Account - Debit all expenses and loses
Credit all income and gains
| Is This Answer Correct ? | 13 Yes | 2 No |
Answer / vineet sharma
Golden Rules of Accounting
Personal A/c
Reciever will be debit.
Giver will be Credit.
Real A/c
Coming assets will be debit.
Going assets will be credit.
Nominal A/c
expences & losses always debit.
Income & profit always credit.
| Is This Answer Correct ? | 12 Yes | 1 No |
Answer / master
Persoanl A/c. :- Lenar A/c. Dr
Apnar A/c. CR
Malmilkat A/c. :- Ave to A/c. Dr
Jay to A/c. Cr.
Upaj Kharch a/c:- Kharch Khata Dr
. Upaj Khate CR
| Is This Answer Correct ? | 15 Yes | 4 No |
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