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What are the golder rules of Accounts ?
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Answer / siva
The Accounting rules are 3 tipe
Rule 1(Personal a/c):- Debit the receiver,credit the giver.
Rule 2(Real a/c) :- Debit what comes in,Credit what goes
out.
Rule 3(Nominal a/c) :- Debit all expences and losses,
Credit all incomes and gains
| Is This Answer Correct ? | 20 Yes | 0 No |
Answer / palakkalfirst
If cash is withdrawn through issue of cheque
Cash Dr.
Bank a/c Cr.
This will result in reduction in bank balance and increase
in the cash balance with you.
| Is This Answer Correct ? | 21 Yes | 2 No |
Answer / kailash
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 expenses and losses
Credit all Income gain and profit
| Is This Answer Correct ? | 19 Yes | 0 No |
Answer / smitha
personal account:debit the receiver
credit the giver
real account:debit what comes in
credit what goes out.
Nominalaccount:debit all expenses and losses
credit all income and gains.
| Is This Answer Correct ? | 18 Yes | 0 No |
Answer / satya
1.Real Account- Debit what comes in
Credit what goes out.
2.Nominal Account- Debit all expenses & losses
Credit all incomes & gains.
3.Personal Account- Debit the receiver
Credit the giver
| Is This Answer Correct ? | 16 Yes | 0 No |
Answer / azm
Dear Sir ,
How can i know(differentiate between) if this account is
nominal or real or personnal from the transaction that i
want to do.
suppose i withdraw cheque amount of $1000 from the bank.
what is the debit account and credit account and is it real
or nominal?
| Is This Answer Correct ? | 28 Yes | 14 No |
Answer / jayashri
There are 3 Types in Accounting.
1) Personal A/c
2) Real A/c
3) Nominal A/c
Personal A/c:-
Debit-The Receiver of the benefit
Credit-The Giver of the benefit
Eg:-Capital Introduced by the Proprietor to the business
Rs.5,000/-
Real A/c:-
Debit-What Comes into the Business
Credit-What goes out of the Business
Eg:- Machinary purchased by cash Rs.1,500/-
Nominal A/C:-
Debit-All Expenses And Losses
Credit-All Incomes and Gains
Eg:-Bank Interest Received Rs.500/-
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / parvez parishwadi
Personal Account : Debit the receiver, Credit the giver.
Real Account :Debit what comes in, Credit what goes out.
Nominal Account :Debit the expenditure and losses, Credit
the income and gains....
| Is This Answer Correct ? | 10 Yes | 1 No |
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