Answer / sameer

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
(Its related to incomes and expenditure (both Direct &
Indirect)) Credit all Incomes and Gains

Answer / padma

Personal a/c - Debit what comes in
Credit what goes out

Real a/c - Debit the receiver
Credit the giver

Nominal a/c - Debit all expenses & losses
Credit all incomes & gains

Answer / shankar.k

Accounting Golden Rules

personal : Debit The Giver
Credit The Receiver

Real : Debit Was Comes In
Credit Was Goes Out

Nomminal : All Expenses and losses Debit
All Income And Gain Credit

Answer / s j baig

Accounts divided into two types 1.Personal A/c &
2.Impersonal, impersonal A/c again divided into two types
which is a)Nominal A/c & b)Real A/c.

Personal A/c: Debit is receiver and Credit is the giver.
Nominal A/c: All expenses and losses are Debit and all
incomes and gains are Credit.
Real A/c: What comes in and whats goes out.
But there is a only logic behind this that is Debit &
Credit.

Answer / gursewak satsangi

Basicly three golden rule of accounting

1 personal accounts : Debit the reciever and credit the
giver

2 nominal accounts : Debit all the exp and loss and
credit, all the profits and gains

3 Real accounts : Debit whats comes in and credit
whats goes out

Answer / prasathmani

PERSONAL A/C
DEBIT IS THE RECIVER
CREDIT IS THE GIVER

REAL A/C
DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL A/C

DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS

Answer / sheetal

debit the reicever
credit the giver


debit what comes in
credit whart goes out


debit all expenses and losses
credit all income and gains

Answer / vinita

Personal A/c
Dr. the receiver
Cr. the giver

Real A/c
Dr. what comes in
Cr. what goes out

Nominal A/c
Dr. all expenses & losses
Cr. all Incomes & gains

Answer / vishal

Personal A/C: Debtit the reciever
Credit the giver

Real A/C: Debit wat comes in
Credit wat goes out

Nominal A/C: Debit all expenses & losses
Credit all incomes & gains

Answer / samapti

REAL ACCOUNT=
DEBIT WHAT COMES IN.
CREDIT WHAT GOES OUT.

NOMINAL ACCOUNT
DEBIT ALL EXPENSES AND LOSSES.
CREDIT ALL INCOMES AND REVENUES.

PRESONAL ACCOUNT
DEBIT THE RECEIVER.
CREDIT THE GIVER.

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Expand------AAIFR

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