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

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