Golden rules of accounting
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Answer / subhankar
Personal A/c:Debit the receiver
Credit the giver
Real A/c: Debit what comes in
Credit what goes out
Nominal A/c:debit all expences and losses
Credit all incomes and gains
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / raja sohail
Real account: what comes in Debit
what goes out Credit
Personal account:Debit the reciever
Credit the giver
Nominal account : Debit all expences and losses,
Credit all incomes and gains.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / sudhakar goud
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 ? | 4 Yes | 0 No |
Answer / nitesh kumar
Real accounts :Debit what comes in
Credit what goes out
Personal accounts:Debit the reciver
Credit the giver
Nominal accounts:Debit all expenses and losses
credit all income and revenue or gain.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / ajaykumar
Personal account: Debit the receiver & Credit the giver.
Real account : Debit what comes in & Credit what goes
out.
Nominal account : Debit all expenses & Credit all incomes
& Gains.
| Is This Answer Correct ? | 13 Yes | 10 No |
Answer / mohseen
Personal acc: Debit the receiver, credit the giver
nominal acc: debit all expenses and losses credit all
income and revenue
real acc:debit what comes in credit what goes out
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / srisa
Personal A/C : Debit- The Receiver.
Credit- The Giver.
Real A/C : Debit - What comes in.
Credit - What goes out.
Nominal A/C: Debit- Expenses and losses.
Credit- Income and gains.
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / praveen kumar
Golden Rules Debit and Credit of Personal and Impersonal
accounts are called golden rule.
Personal A/C: Debit the Received
Credit the Giver
Real A/C: Debit What Comes In.
Credit what Goes Out.
Nominal A/C: Debit all expenses and lossed
Credit all Incomes and Gains
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / ashish tandon
+ - balance
Assets Debit Credit Debit
Liabilities Credit Debit Credit
income Credit Debit Credit
Exp Debit Credit Debit
it,s not the golden rule but it will help u to make Joutnal
Entries.
Example-
Purchase Bulding for cash -150000
in the case of purchasing of Bulding the the value of
bulding(Fixed Assets) will increase by 150000 so bulding
will be debited and cash(Current Assets) will goes out than
cash will be credited.
The entry will be
Bulding Dr
To Cash
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / aditya prakash
Real A/C -
1.Debit what comes in
2.Credit what goes out.
Nominal A/C -
1.Debit all expenses and losses(revenues)
2.Credit all income and gains.
Personal A/C -
1.Debit the giver
2.Credit the receiver.
| Is This Answer Correct ? | 3 Yes | 0 No |
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