Answer / girishgowdakm

Personal: Debit the receiver
Credit the Giver

Real : Debit what comes in
: Credit what goes out


Nominal : Debit all expenses and losses
: Credit all income and gains

Answer / jagadeep biswal

personal Accounts: Debit the Receiver
credit the Giver

Real Accounts :Debit What comes in
:Credit What goes out

Nominal Accounts :Debit Expenses and Losses
:Credit Incomes and Gains



This is also known as RULES OF DOUBLE ENTRY

Answer / jiten koli

account are three types
1. Personal A/c - Firm,name,Company,person.
DR- The Reciver
CR- The Giver

2. Real A/c- Cach a/c,Bank a/c,
DR- What comes IN
CR-What goes OUT

3. Nominal A/c Interest,Penalty,Copyright.wil
DR - All losses
CR- All Gains

Answer / pradeep

Personal A/c : Debit all receible
: Credit All Payable

Real a/c Whats ever comes is Dr.
what ever is goes is Cr.

Nominal A/c Dr. All typs of Expenses
Cr. All typs of Income


this is also call the golden rule of Accounting.

which kind of expenses or Income will come under direct expenses or Income ?

0 Answers  

---

what is TDS ?

2 Answers  

---

In case of Bad Debt such amount should be credited to 1.Cash account 2.Debtors account 3.Sales account

2 Answers  

---

Short Answer on __________written Down value

0 Answers  

---

Expand---------RMP

1 Answers  

---

---

what is new updates in account

0 Answers   Goya Foods, State Bank Of India SBI,

---

What is meant by provision

4 Answers  

---

what is securites

4 Answers  

---

Cost center 60500 in controlling area 1000 is locked for revenue postings on 31.03.2008.Now How can I Assign the account to another cost center or allow cost center 60500 to again accept revenue postings.

0 Answers  

---

salary received for 15 days and other 15 days are absent please give me the journal entry

1 Answers  

---

EXPAND______________IEEE

1 Answers  

---

wat is penny stock?

4 Answers   Deloitte,

---