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what is basic accounts rule?
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Answer / ganesh.s
i) Personal A/c.
Debit-The Receiver
AND
Credit- The Giver.
ii) Real A/c.
Debit- What comes in
AND
Credit -What goes out.
iii) Nominal A/c
Debit - All expenses and Losses
AND
Credit - All Incomes and Gains.
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / p.nirmala
1.Personal Account - Debit the Reciever
Credit the Giver
2. Real Account - Debit What Comes in
Credit What Goes Out
3. Nominal Accont - Debit all Expenses & Losses
Credit all Profits & Gains
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / nisar i. sida
Firstly Acconts have two types ;-
1. Personal Acconts
2. Impersonal Accounts ( Real A\cs & Nominal A\Cs )
The three Rule of Debit & Credit are :---------
1. Personal Account - Dr. the Reciever
Cr. the Giver
2. Real Account - Dr. What Comes in
Cr. What Goes Out
3. Nominal Accont - Dr. all Expenses & Losses
Cr. all Profits & Gains.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / nikhil
the three golden rules of a/cs is
1. Personal Account - Dr. the Reciever
Cr. the Giver
2. Real Account - Dr. What Comes in
Cr. What Goes Out
3. Nominal Accont - Dr. all Expenses & Losses
Cr. all Profits & Gains.
| Is This Answer Correct ? | 6 Yes | 1 No |
Answer / ved aryan
the basic rules of accounting are as follows
1)Personal accounts:-
a)artificial personal accounts
b)natural personal accounts
c)representative personal accounts
RULE:-debit the receiver ,credit the giver
2)Real Accounts:- divided into two types
a)Tangible Accounts
b)Intangible Accounts
RULE:-debit what comes in,credit what goes out
3)Nominal Accounts:-deals with expense and income
RULE:-debit all expenses and losses
credit all incomes and gains
my number is 9311350523
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / parveen kumar
there r two types of accounts
personal account
impersonal accounts (real & nominal account)
personal account
debit the receiver
credit the giver
real account
what comes in debit
what goes out credit
nominal account
all exp. & losses are debit
all incone & gains are credit
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / yedla siddhu yadav
debit what comes in
credit what goes out
| Is This Answer Correct ? | 5 Yes | 4 No |
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