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Golden rules of accounting
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Answer / boopathy
Accounting Golden Rules
personal : Debit The Giver
Credit The Receiver
Real : Debit Was Comes In
Credit Was Goes Out
Nomminal : All Expenses and losses Debit
All Income And Gain Credit
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / jaydeep
REAL ACCOUNTS: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT EG:CASH
IF YOU GIVE CASH IT IS CREDITED(TO SIDE)
IF YOU GAIN CASH IT OS DEBITED (BY SIDE)
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NOMINAL ACCOUNTS: DEBIT ALL EXPENSES AND LOSSES EG:SALARY
CREDIT ALL INCOMES AND REVENUES
IF YOU PAY SALARY IT IS DEBITED(BY SIDE)
IF YOU RECIEVE SALARY IT IS CREDITED(TO SIDE)
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PERSONAL ACCOUNTS: DEBIT THE RECEIVER
CREDIT THE GIVER
EG:RAM GIVES 1000 RS TO SHYAM:
SHYAM A/C DEBIT
TO RAM A/C CREDIT
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / vijayakumar.p
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
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / san.p
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 exp and losses
credit all incomes and ains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mainak bhattacharya
Real Account: A)What comes in debit
B)what goes out credit
Personal Account: A)Reciver is debit
B)Giver is credit
Nominal Account: A)Expenses and Losses is debit
B)Income and Revenue is credit
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pradip sawant
Personal A/C : Debit the receiver
Credit the giver
Real A/C : Debit whats comes in
Credit whats goes out
Nominal A/C : Debit all expenses and losses
Credit all income and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / amol kakade
Personal account:Debit what comes in, Credit what goes out.
Real account :Debit the reciever while Credit the giver.
Nominal account :Debit all expences and losses, Credit all
incomes and gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pratham
Personal A/c: Dr. the receiver
Cr. the Giver
Real A/C : Dr. What come in
Cr. What goes out
Nominal A/C : Dr. All expenses & losses
Cr. All incomes & gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / singh
U WRITE CORRECT ANSWER GYES BUT U KNOW WHO IS THE FATHER
OF ACCOUNTING
| Is This Answer Correct ? | 0 Yes | 0 No |
What do you mean by the working-capital of an organization??? How is it calculated????? Also Define the importance of liquidity ratio along with its formula.
5 Answers BA Continnum Solutions,
Expand ------RFQ
accounting rules
What Do You Understand By The Word Accounting
7 Answers ADP, College School Exams Tests,
Expand ------DFO
Expand ------ALH
classify the following into real, nominal, personal account 1. Discount account 2. interest on debenture 3. Land account 4. salary account 5. carriage account 6. printing & stationary account 7. stock account
what is the reserve capital
expand E S I
Expand ------APIIC
Anand put Hire charges bill for Rs 185250. During the course of work we supplied diesel worth Rs 25360,paid driver battas of Rs 1050.Pl pass journal entry by taking security deposit @ 5% and TDS @2.25%as deductions from bill
what is audit
Audit 
