What are the golder rules of Accounts ?




Answers were Sorted based on User's Feedback



What are the golder rules of Accounts ? ..

Answer / dpbiswal

RULE 1 : Debit the Receiver, Credit the Giver.

RULE 2 : Debit what comes in, Credit whatgoes out.

RULE 3 : Debit all expenses & losses,
Credit all incomes & gains.

Is This Answer Correct ?    373 Yes 15 No

What are the golder rules of Accounts ? ..

Answer / xyz

PERSONAL A/C:Debit the receiver,credit the giver
IMPERSONAL A/C:
1-REAL A/C:Debit what comes in,credit what goes out
2-NOMINAL A/C:Debit all expenses and losses and credit all
incomes and gains.

Is This Answer Correct ?    147 Yes 13 No

What are the golder rules of Accounts ? ..

Answer / ashish

Rule 1 : Debit what Comes in Credit Wat Goes out
Rule 2 : Debit the reciever, Credit the giver
Rule 3 : Debit all expenses, losses and assets credit all
incomes, gains and liabilities

Is This Answer Correct ?    150 Yes 43 No




What are the golder rules of Accounts ? ..

Answer / deepak

Actually, in whole world there are only 3 accounts
that is
1 Personal A/c : are those acs which are related to person

2 Real A/c: which are related things which we can touch,
see, but it doesnt have life eg: cash, car, bank, mobile

3 Nomainal A/c: which are those which we cannot see, but
we can feel but doesnt have life eg: commission,
discount,salary, rent etc.

for this there are rules which is called as golden rules of
accounts

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 incomes and gains

Is This Answer Correct ?    107 Yes 7 No

What are the golder rules of Accounts ? ..

Answer / ravi agarwal

1. Debit the receiver, and credit the giver.
2. Debit what comes in, and credit what goes out.
3. Debit all expenses, and losses and
credit all incomes, and gains.

Is This Answer Correct ?    52 Yes 7 No

What are the golder rules of Accounts ? ..

Answer / ashwin barad

Answer is as under.

R1 Personal : Debit the receiver, and credit the giver.
R2 Real : Debit what comes in, and credit what goes out.
R3 Nominal : Debit all expenses, and losses and
credit all incomes, and gains.

Is This Answer Correct ?    49 Yes 6 No

What are the golder rules of Accounts ? ..

Answer / arun

it also known as thumb rules of accounts
1.personal accounts
Debit the receiver
credit the giver
2.Real accounts
debit what comes in
credit what goes out
3.Nominal accounts
debit the expenses and losses
credit the income and gain

Is This Answer Correct ?    40 Yes 1 No

What are the golder rules of Accounts ? ..

Answer / chhaya chouhan

There are 3 types of accounts:
1.Personal a/c
2.Real a/c
3.Nominal a/c

Rules for these accounts are as follows:
1.For Personal a/c:
Debit: The reciever
Credit:The Giver

2.For Real a/c:
Debit: What comes in
Credit:What goes out

3.For Nominal a/c:
Debit: All expenses and losses
Credit:All incomes and gains...

These are the most important and in other words the golden
rules of accounts...

Is This Answer Correct ?    33 Yes 1 No

What are the golder rules of Accounts ? ..

Answer / raja

R1 Personal : Debit the receiver, and credit the giver.
R2 Real : Debit what comes in, and credit what goes out.
R3 Nominal : Debit all expenses, and losses and
credit all incomes, and gains.

Is This Answer Correct ?    27 Yes 0 No

What are the golder rules of Accounts ? ..

Answer / rajesh

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 incomes and gains

Is This Answer Correct ?    25 Yes 0 No

Post New Answer



More Accounting AllOther Interview Questions

ATTENTION PLEASE.All the answer posterors will be sent the complte key on the questions if requested thru mail id EXPAND_____________SAP

6 Answers  


Expand-------RGD

2 Answers  


EXPAND______________RAC

1 Answers  


What is meant by accounts?

1 Answers  


what is the entry for accumulated depreciation?n why it is used?when it is necessary?

2 Answers   OPI Global,






how can we prepare cash deposited in bank? how we can post it in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post)

1 Answers  


what is dieerence between capital cpapital structure

0 Answers  


capital reserve and revenue reserve

1 Answers  


What is the difference between "Primary Market" and "Secondary Market"?

4 Answers   Syntel,


what is diffence between Ltd. Company and Pvt. Ltd. Company

3 Answers  


can debenture is cenverted into share?if yes? how?

1 Answers  


Is WCT liable to be deducted in Whole of Invoice Value? (including VAT & Service Tax)

3 Answers  






Categories