Answer / visheshwer pratap singh

there are mainly 2 types of a/c
1 - PERSONAL A/C
2- IMPERSONAL A/C



1- personal a/c-
debit the reciever & credit the giver
2-IMPERSONAL A/C- there are two types of a/c

[A] real a/c-
debit what comes in & credit what goes out

[B] nominal a/c-

debit all losses and exp. & credit all incoms and
gains

Answer / s.anandhan

real account
nominal account
personal account

Answer / rikesh

Personal Account :
Debit : The Receiver
Credit : The Giver

Real Account :
Debit : What comes in
Credit: What goes out

Nominal Account :
Debit : The Expenses OR loss
Credit : The Income OR profit.

Answer / jaga

Personal:-
By The recevier a/c Dr
To The giver a/c Cr

Real:-
By What ever comes in a/c Dr
To What ever goes out a/c Cr

Nominal:-
By All expenses & losses a/c Dr
To All incomes & gains a/c Cr

Answer / hari jhanwar

1. Persnaol A/c Rule
Debit to receiver and Credit to giver.
2. Non-personal A/c rule
Debie to comes in and Credit to gose out.
3. Income & Expenditure A/c Rule
All Exp. and loss debited and All incone & profit
Credited.

Answer / hamza

Rule 1: Total asset= Total liab + owner's Equity

Rule 2: Debit: all exp & loss
Credit: all income & gain

Rule 3: Total of debit side = Total of credit side

Answer / saranya

3 accounts are there...
1.real account
2.nominal account
3.personal account

1.Real account

debit what comes in and credit what goes out

2.nominal account

debit all expenses and losse , credit all incomes and gains

3.personal account

debit the receiver and credit the giver

Answer / julietmary antony

THREE TYPES OF ACCOUNTS :

1) PERSONAL A/C

"DEBIT THE RECEIVER
CREDIT THE GIVER"

2)REAL A/C

"DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT"

3)NOMINAL A/C

"DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOME AND GAINS"


(THESE ARE GOLDEN RULES OF ACCOUNTING)

Answer / preeti

1) Personal Accounts-:
Debit the receivers & credit the givers.
ex: Aditya sold a washing machine to Ram for RS 8000.Then journel entery
will be-
RAM a/c Dr 500
to
Aditya a/c Cr 500

2) Real A/Cs-:
Debit what comes in & credit what goes out.
Ex: Ram sold furniture for cash in Rs 1o,000. Then journel entry will be
Cash A/C Dr 10,000
to
Furniture A/C Cr 10,000

3) Nominal A/Cs-:
Debit the all expenses & losses & Credit all incomes & gains.
Ex: Sita purchased a purse for Rs 500
Cash A/C Dr 500
to
Purse A/C Cr 500

Answer / manish kumar shukla

PERSONAL ACCOUNT:- DEBIT THE RECEIVER AND
CREDIT THE GIVER.

REAL ACCOUNT :- DEBIT WHAT COMES IN AND
CREDIT WHAT GOES OUT.

NOMINAL ACCOUNT :- ALL EXPENSES OR LOSSES ARE DEBITED
AND ALL THE INCOMES AND GAINES
ARE CREDITED

Answered but misspelled pl correct accounting measures past performanceof the business entityand depicts the current financial position (Ans.MMEEEASURNT)

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