Answer / vijay pangudwale

Three types of rule:

1) Personal Account

"Debit the receiver
Credit the giver"
2) Real Account

"Debit what comes in
Credit what goes out"
3) Nominal Account

"Debit all expenses and losses
Credit all incomes and gains"

I learn this three rule of accounting

Answer / badri

three rules are
1. real a/c i.e (asset)
when one asset comes in it should be debited
when one asset goes out it should be credited

2.personal a/c i.e (individual a/c)
when one person or co.receives benefit it should debited
when one person or co.gives benefit it should be credited

3.nominal a/c
all the expenses&losses should be debited
all the incomes&gains should be credited

Answer / koteswararao

accounts are two types. namely
1.personal account
2.impersonal account: this account can be divided into two types
a.Real A/c
b.Nominal A/c

1.Personal A/c:

Debit the REciever
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 incomes and gains

These are called Golden principles.

Answer / sunita

same as above

Answer / sangeetha

Personal A/c
Dr:-"Debit the receiver
cr:-credit the giver"
ex:-SBI,ICICI etc.
Real A/c
Dr:-"Debit what comes in"
cr:-"credit what goes out"
ex:-purchased goods from ram on credit basis
purchase a/c dr
To ram a/c
Nominal a/c
Dr:-"Debit all expenses and lossess
cr:-credit all incomes and gains"

Answer / sowmi

personal a/c: dt: the receiver
cr: the giver
real a/c : dt: what comes in
cr: what goes out
nominal a/c : dt: all exp & loss
cr: all income & assets

Answer / venkataraman

Same as #14

Answer / christopher

Personal account - Deals with the live persons eg.,Ram,Chris etc

Debit the Receiver
Credit the giver

Real Account - Deals with the cash

Dedit what comes in
Credit what goes out

Nominal Account - Deals with the Expenses & Incomes

Debit all the Expenses & Losses
Credit all the Incomes & Gains.

Answer / siddu

1.Personal a/c
debit the reciever
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 incomes and gains

Answer / abdul bari

Real A/C
Debit : What comes in
Credit :what goes out
Personal A/C
Debit : Receiver
Credit : Giver
Nominal A/C
Debit : All Expenses & Losess
Credit : All incones and gains

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