Principles of accounting
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Answer / guest
Personal a/c: Debit the receiver
Credit the giver
Real a/c
Debit what comes in
Credit what goes out
Nominal a/c: Debit all expenses and losses
Credit all gains and incomes
| Is This Answer Correct ? | 20 Yes | 4 No |
Answer / madhavi
PERSONAL ACCOUNT:
DR THE RECEIVER
CR THE GIVER
REAL AC:
DR WHAT COMES IN
CR WHAT GOES OUT
NOMINAL
DR ALL THE EXPENSES AND LOSSES
CR ALL THE INCOMES AND GAINS
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / sandeep
PERSONAL ACCOUNT:
DR. THE RECEIVER
CR. THE GIVER
REAL AC:
DR. WHAT COMES IN
CR. WHAT GOES OUT
NOMINAL
DR. ALL THE EXPENSES AND LOSSES
CR. ALL THE INCOMES AND GAINS
| Is This Answer Correct ? | 1 Yes | 0 No |
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What is accounting & why it is used?
Audit 
