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What is the types of accounts & it's rules ?
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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
| Is This Answer Correct ? | 8 Yes | 2 No |
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.
| Is This Answer Correct ? | 3 Yes | 0 No |
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.,
| Is This Answer Correct ? | 2 Yes | 0 No |
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
| Is This Answer Correct ? | 2 Yes | 0 No |
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
| Is This Answer Correct ? | 2 Yes | 0 No |
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
| Is This Answer Correct ? | 1 Yes | 0 No |
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
| Is This Answer Correct ? | 0 Yes | 0 No |
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
| Is This Answer Correct ? | 0 Yes | 0 No |
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