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What are the 3 Basic Rules in Accounting.
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Answer / ramana
personal
debit the receiver
credit the giver
nominal
debit all expenses and losses
credit all incomes and gains
real
debit what comes in
credit what goes out
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / desai uttam m
pesonal account
debit to the receiver
creadit to giver
real ac
debit whats come in
credit what goes
nominal ac
debit all expences & losses
creadi all income & gain
| Is This Answer Correct ? | 12 Yes | 0 No |
Answer / sameer bhagwat
Dr the receiver
Cr the giver
Dr what comes in
Cr what goes out
Dr all expenses/ losses
Cr all incomes/gains
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / g.dhanapal
There 3 basic rules in Accounting 1.Real Account what comes
in Dr what goes out Cr 2.Personal Account The Reciver Dr
Giver Cr 3.Nominal Account All Expenses ...
| Is This Answer Correct ? | 10 Yes | 0 No |
Answer / anuj shah
There are two types of accounts
1. Personal Account
2. Impersonal Account
1.Personal Account
Dr, the receiver
cr, the Giver
2.Impersonal account can be devided in to two groups:
2.1.Nominal A/C,
2.2.Real A/C
2.1 Nominal Account
Dr. all exp. & losses
Cr. all Income & Gain
2.2.Real Account
Dr. what comes in
cr. What goes out
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / joer
Very simple to remember DEAD & CLOR
Debit
Expense
Asset
Dividends
Credit
Liabilities
Owner's Equity
Revenue/Income
Real account- assets
Nominal account- all income & expenses
Personal account- all liabilities & equity and some assets
| Is This Answer Correct ? | 12 Yes | 2 No |
Answer / vinay
MAIN 3 IMPARTENT & SIMPLE THINGS
PRERSONAL A/C
Debit is reciver
credit is giver
REAL A/C
What come in cash,things ect.,is DEBIT
What goes out praofit & loss is CREDIT
NOMINAL A/C
All expenses and losses in DEBIT said
All income and gains in CREDIT said
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / smitha
There are 3 Rules in Accounting
They are: Real Accounts: Debit what comes in & Credit what
goes Out
Personal Accounts :Debit the Receiver
Credit the Giver
Nominal Acounts: Debit all the Expenses
Credit All the incomes
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / fathi gasim
pesonal account
debit to the receiver
creadit to giver
real ac
debit whats come in
credit what goes
nominal ac
debit all expences & losses
creadi all income & gain
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / alok
Personal A/c
Dr. the Receiver
cr. the Giver
Real A/c
Dr. What comes in
Cr. What goes out
Nominal A/c
Dr. All expences & losses
Cr. All Income & gains
| Is This Answer Correct ? | 7 Yes | 0 No |
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