What are the golder rules of Accounts ?
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Answer / rocky
1.real acount
2.nominal account
3.personal account
| Is This Answer Correct ? | 6 Yes | 2 No |
Answer / khazi raza mohammed
There are 3 golden rules in Accounting..
1. Personal accounts:-
Debit the receiver.
Credit the giver.
2. Real accounts:-
Debit what comes in.
Credit what goes out.
3. Nominal accounts:-
Debit all expenses and losses.
Credit all incomes and gains.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / great
In accounting you allways debit what comes to you and
credit what goes out.
1. credit all expenses and debit all incomes.
2.Debit the acquisition of all properties and credit the
selling of all properties.
3.Debit the giver and credit the receiver.
| Is This Answer Correct ? | 9 Yes | 7 No |
Answer / alphalynda l mawkhiew
There are 3 golden rules of Accounts.They are as follows:
REal Account:Dr what comes in .Cr what goes out
Personal Account:Dr the receiver Cr the giver
Nominal Account:Dr expenses and losses Cr Incomes and gains
| Is This Answer Correct ? | 1 Yes | 0 No |
PEARSONAL A/C " DEBIT THE RECIEVER AND CREDIT THE
GIVER "
REAL A/C " DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT"
NOMINAL A/C " DEBIT ALL EXPENSE AND LOSSES AND CRDIT
ALL INCOMES AND GAINS "
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sameer
Whichever Accounts is related to tangible thing, that is
which can we see is Real Account, i.e. Money, cheque, Assests
Which is related to People are personal Accounts and Lastly,
Nominal accounts are related to all other than the above,
electricity bill, other expenses, whichever comes in profit
and loss acounts.
Rules are
Real Account = Debit what comes in, Credit what goes out
Personal Account = Debit the receiver, Credit the giver
Nominal Account = Debit all expenses and Losses, Credit all
gains and Incomes.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / paras
Debit is company of lala
credit is sarkari naukri
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / marshal
R1 Personal : Debit the receiver, and credit the giver.
R2 Real : Debit what comes in, and credit what goes out.
R3 Nominal : Debit all expenses, and losses and
credit all incomes, and gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ashish
GOLDEN RULE OF ACCOUNTS-
PERSONAL -DABIT THE RECIEVER ,CREDIT THE GIVER
REAL --------DABIT WHATS COME IN, CREDIT WHATS GOES OUT
NOMINAL--- DEBIT ALL EXPENSES AND LOSSES , CREDIT ALL
INCOME AND GAINS
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / hari enaganti
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 incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
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