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Golden rules of accounting..

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 ?    6669 Yes 605 No

Golden rules of accounting..

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 ?    3623 Yes 298 No

Golden rules of accounting..

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 2863 No

Golden rules of accounting..

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 ?    1827 Yes 263 No

Golden rules of accounting..

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

Golden rules of accounting..

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

Golden rules of accounting..

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

Golden rules of accounting..

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

Golden rules of accounting..

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

Golden rules of accounting..

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

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