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

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

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

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

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

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.

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

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

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.

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

what is profit & loss A/c? difference between income & expenditure A/c

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