Answer / sumancwa

These 3 principles are called Golden Principles of Accounting.
1. PERSONAL ACCOUNT:
Debit the Receiver and Credit the Giver.
2. REAL ACCOUNT:
Debit what come In and Credit What Goes Out.
3. NOMINAL ACCOUNT:
Debit the Expenses and Losses and Credit the Gains
and Profits

Answer / mandar bose

1)Debit all expenses & losses, credit all income & gains
2)Debit what comes in , credit what goes out
3)Debit the receiver , credit the giver

Answer / sirajudeen. m

Personal account
----------------
debit the receiver
credit the giver

Real account
-------------
debit what comes in
credit what goes out

Nominal account
---------------
debit all expenses and losses
credit all incomes and gains

Answer / pankaj sharma

PERSONAL ACCOUNT:
debit the receiver
credit the giver


Nominal account
---------------
debit all expenses and losses
credit all incomes and gains

REAL ACCOUNT:
Debit what come In and Credit What Goes Out

Answer / s.tamil selvan

GOLDEN ACCOUNTING RULES:

PERSONAL ACCOUNT:
Debit the Receiver
credit the giver

REAL ACCOUNT:
Debit what comes in
Credit what goes out

NOMINAL ACCOUNT
Debit all expenses and loses
Credit and incomes and gains

Answer / swathi

Accounts is classified into 3 rules
Debit Credit
-------- --------
Personal Account: Receiver Giver

Real Account : What comes in What goes out

Nominal Account : All expenses and All incomes and
losses gains

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