Golden rules of accounting
Answers were Sorted based on User's Feedback
Answer / dinanath
Personal A/C
Debit The Receiver of Benifit
Credit The Giver of Benifit
Real A/c
Debit What comes in
Credit What goes out
Nominal A/c
Debit All Exps.& Loses
Credit All Gains & Profit
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / kishan goswami
Re: 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 ? | 3 Yes | 1 No |
Answer / sushil kumar tiwari
PRESONAL
DEBIT :- THE RECEVER
CREDIT : THE GIVER
REAL
DEBIT :- WHATS COME IN
CREDIT : WHATS GOES OUT
NOMINAL
DEBIT :- ALL EXPENCE AND LOSES
CREDIT : ALL INCOME AND GAINS
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / avinash dixit
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 exepenses & losses
Crediot all incomes & gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / veeranagouda patil
PersonalA/c: Debit the receiver Credit the giver
Real A/c: Debit what comes in credit what goes out
Nominal A/c: Dibit the Expenses Credit the gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / raghvendra pratap singh
personsl account
debit the giver
credit the receiver
real account
debit what's comes in.
credit what's goes out.
nominal account
debit all expense and loss.
credit all income and gains.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / kadlag macchindra sambhaji
Personal A/c- debit the receiver
credit the giver
Rear 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 ? | 2 Yes | 0 No |
Answer / sushan t d
PERSONALA/C:DEBIT THE RECEIVER
CREDIT 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
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sanjay nayak
Personal A/c-Debit the receive
Credit the Giver
Real A/c-Debit what comes in
Credit what goes out
Nominal A/c-All expenses and losses are debit
all income and gain are credit
| Is This Answer Correct ? | 2 Yes | 0 No |
What is the Difference between Rectification of Errors and Adjustment Entry ?
whatis mean by accured income?
Expand-----BDAC
Expand---------ABCDE
what is the difference between cash flow and funds flow
WHAT YOU MEAN DEBTOR AND CREDITOR?
What if forfeiture of shares?
what happens to each of the three primary financial statements when gross margin decreases?
Bank Charges (FIRC CHARGES) what the meaning of FIRC Charges?
How many types depriciation we have?
16 Answers FactSet Systems, Genpact, Wattan Vani,
what is the fund flow and cash flow? what's diffenence between
what is Future period and adjustment period?
1 Answers Bank Of America, Idea,