Answer / preethi

personal a/c- debit the receiver/credit the giver
real a/c- debit wat comes in /credit wat goes ou
nominal a/c- debit all expences & losses/credit all income
& gain

Answer / arun

3 Golden Rules
--------------

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.

Answer / ranjith kumar m

Accounts are classified into 3 types, they are
1.PERSONAL ACCOUNT : "DEBIT THE RECEIVER AND CREDIT THE GIVER" Personal a/c Eg.Ramana A/c, Ranjith A/c, Mamatha A/c and Impersonal A/c.SBI A/C, ANDHRA BANK A/C
2.REAL ACCOUNT : "DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT". This account explanies the all assets like Tangibale and Intangibale assets. Tangibale Assets eg.FURNITURE A/C, PLANT A/C, BUILDING A/C,etc., Intangiable A/c.PATENTS A/C, GOODWILL A/C,
3.NOMINAL ACCOUNTS : "DEBIT ALL LOSSES & EXPENSES CREDIT ALL INCOMES & GAINES . EG.SALRIES A/C, WAGES A/C, ADMIN EXPENSES A/C, OFFICE EXPENSES A/C, Etc.,

Answer / chanda khan

1. Personal Accounts : Accounts of Persons,institutions
Like Employees ,Banks,Other Companies

" Debit the Receiver
Credit the Giver "

2. Real Accounts: All Assets are real accounts.
Like Furniture , Inventory

" Debit What comes in
Credit What goes out "

3. Nominal Accounts : All expenses,Losses, Income , Gains

" Debit all Expenses and losses
Credit all Income and gains"
personal a/c----debit is the reciver
credit is the giver

Real account
debit what comes in
credit what goes out

Answer / jayalakshmi s

personal account-its a type of accont which represents a person account.
ex. jaya a/c

Real account-its a type of cash a/ c
ex. assets ,property etc .

nominal account
debit the expenses/loss
credit the income/gain

Answer / naresh kumar

THREE typesof account
1- personal account- debit the reciver
credit the giver
2- real account- debit whats come
credit what goes
3- nominal account- debit all exp & loses
credit all income of profit & gains

Answer / rakesh kumar

Accounts
1. Personal Account
Receiver the Debit
Giver the Credit

2. Real Account
Debit whats come in
Credit whats goes out

3. Nominal Account
All Expenses and losses to be Debited
All Incomes and Gains to be credited

Answer / shreerama

There are Three Types of Accounts
1.Personal Accounts
Debtors the receiver
Creditor the giver
2. Real Accounts
Debit what comes inside the business
Credit what goes out side the business
3. Nominal Accounts
All incomes/ gains is Cr
Expenses/ Loss is Dr

What is the treatment of partners salary in profit and loss account.

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