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Golden rules of accounting
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Answer / abhilash
Personal :Debit the Receiver
Credit the Giver
Real :Debit What comes in
Credit What Goes Out
Nominal :Debit All Expenses & Losses
Credit All Incomes & Gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / geetanjali
REAL A/C WHAT COMES IN DEBIT
WHAT GOES IN CREDIT
NOMINAL A/C ALL EXPENDITURE AND LOSS IN DEBIT
ALL INCOMES AND GAINS IN CREDIT
PERSONAL A/C DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ritesh roy
PERSONAL A/C - Debit the receiver & credit the giver.
REAL A/C - Debit what comes & credit what goes out.
NOMINAL A/C - Debit all expenses & credit All Income And Gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sabiulah
personal A/c :debit the receiver
credit the giver
real A/c :debit what comes in
credit what goes out
nominal A/ : debit all expenditure and losses
credit all income and revenue
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bismaya dhal
Real A/c : Debit what comes in.
Credit what goes out.
Personal A/c : Debit the receiver.
Credit the giver.
Nominal A/c : Debit Expenses & Losses.
Credit Income & Gains/Revenues.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nikita shah
REAL A/C : DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL A/C :DEBIT ALL EXPENSES & LOSES
CREDIT ALL PROFITS & GAIN
PERSONAL A/C :DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / chinni
PERSONAL a/C: DEBIT THE RECEIVER
CREDIT THE GIVER
REAL a/C: WHAT COMES IN DEBIT
WHAT GOES OUT CREDIT
NOMINAL a/C: ALL EXPENSES AND LOSSES ARE DEBIT
ALL INCOMES AND GAINS ARE CREDIT
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / md nadim khan
GOLDEN RULES OF AUUOUNTING
REAL A/C:-DEBIT WHAT COME IN
CREDIT WHAT GOES OUT
PERSONAL A/C:-DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL A/C:-DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ravindra
Personal A/c : Debit the receiver
Credit the giver
Real A/c : Debit what comes in
Credit what goes out
Nominal A/c : Debit Loss and Expense
Credit Profit and Gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pradip s
PERSONAL A/C DEBIT THE RECEIVER,CREDIT THE GIVER.
REAL A/C DEBIT WHAT COMES IN,CREDIT WHATS GOES OUT.
NOMINAL A/C DEBIT ALL EXPENSES AND LOSSES,CREDIT ALL INCOMES
AND GAINS.
| Is This Answer Correct ? | 0 Yes | 0 No |
why we debit all expences?
how will you create the posting periods 3 and 5 or 5and 7?
Expand ------NPR
Expand A D T A
Rams due of Rs 32500/- was settled thru adjustment of security deposit Rs 12000/-and the balance in cash.pass necessary entry
Credit Purchase entry
describe how accuracy in trial balance is a prime objective for preparing the financial statements?
What is direct tax & indirect tax
Expand---------EBCD
why share capital shown in liability side of a balance sheet
what is live stock?
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
Audit 
