What are the golder rules of Accounts ?
Answers were Sorted based on User's Feedback
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
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If cash is withdrawn through issue of cheque
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
|Is This Answer Correct ?||28 Yes||14 No|
Answer / abc
agree wid deepak
|Is This Answer Correct ?||16 Yes||2 No|
Answer / jayashri
There are 3 Types in Accounting.
1) Personal A/c
2) Real A/c
3) Nominal A/c
Debit-The Receiver of the benefit
Credit-The Giver of the benefit
Eg:-Capital Introduced by the Proprietor to the business
Debit-What Comes into the Business
Credit-What goes out of the Business
Eg:- Machinary purchased by cash Rs.1,500/-
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|
Answer / nadiapervez
|Is This Answer Correct ?||7 Yes||1 No|
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