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

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

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

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 ...

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

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

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

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

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

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

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