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Golden rules of accounting
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Answer / sachin
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 6673 Yes | 605 No |
Answer / swapna
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 ? | 3625 Yes | 298 No |
Answer / vishnu vardhan
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER
| Is This Answer Correct ? | 5744 Yes | 2864 No |
Answer / santosh
Accounting is mainly classified under three categories
which are below,
Nominal Accounting: Debit all Expenses and Losses
Credit all Incomes and Gains
Personal Accounting: Debit the Receiver
Credit the Giver
Real Accounting: Debit What comes in
Credit what goes out.
| Is This Answer Correct ? | 1828 Yes | 263 No |
Answer / nageswara rao
Personel a/c : Debit the receiver
Credit the giver
Real a/c : What comes in Debit
What goes out Credit
Nominal a/c : Debit all Loss and Expenses
Credit all Incomes and gains.
| Is This Answer Correct ? | 839 Yes | 176 No |
Answer / lucky
real a/c : debit what come in
credit what goes out
nominal a/c :debit all expenses & loses
credit all profit & gain
personal a/c :debit the recevier
credit the giver
| Is This Answer Correct ? | 764 Yes | 166 No |
Answer / i a jude hentry
Personal A/c : Debit the receiver
Credit the giver
Real A/c : Debit what comes in
Credit what goes out
Nominal A/c : Debit Loss and Expense
Credit Profit and Gains
| Is This Answer Correct ? | 717 Yes | 151 No |
Answer / raju malode
PERSONAL ACCOUNT : Debit the receiver
Credit the giver
(Its is related to peson, firm etc....................)
REAL ACCOUNT : Debit what comes in
Credit what goes out
(Its related to goods, cash etc.......................)
NOMINAL ACCOUNT : Debit all expenses and losses
Credit all incomes and gains
(Its related to incomes and expenditure (both Direct &
Indirect))
| Is This Answer Correct ? | 394 Yes | 53 No |
Answer / ganesan jayaraman
Real Account : Debit what comes in
Credit What goes out
Personal Account: Debit the Receiver
Credit the Giver
Nominal Account: Debit all Expenses & Losses
Credit all Income & Gains
| Is This Answer Correct ? | 378 Yes | 56 No |
Answer / sankar
Real account :Debit what comes in
Credit what goes out
Personal Account :Debit the receiver
Credit the giver
Nominal Account :Debit all expenses & Losses
Credit all Income & gains
| Is This Answer Correct ? | 313 Yes | 57 No |
my qustion is what is H foam and where use
Expand-------NBTA
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Define depreciation
clasify assets and give examples
how could we reconcile the cash book balance with pass book balance by pass book Dr. balance with pass book method?
EXpand-------KGF
Define a Promissory Note
what is the diffrence between gross profit& net proffit?
Suppose One asset purchased in 2006year and calculated SLN method depreciation @10%pa for value 100000. Now middle of the present year the assets was transfered to B company. How can we take the accounting for previous depreciation, asset value (transfer value) to debit B company. What is the asset status in BS.
Audit 
