what are the golden rules of accounts and the items of
personal accounts,real account,nominal accounts?
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Answer / sumit talekar
Personal A/c- Dr the Reciver
Cr the Giver
Real A/c - Debit what comes in 
Credit what goes out
Nominal A/c- Debit all expenses and losses
Credit all income and gains
| Is This Answer Correct ? | 25 Yes | 0 No |
Answer / deepak chikane
for personal accounts
debit the reciver and credit the giver
(e.g.PERSONS ram sham ARTIFICIAL PERSON firm,socity)
for real account
debit what comes in cerdit what goes out
(e.g. land and building,plant,cash)
for nominal account
debit all expenses and losses and credit all income and gain
(e.g.rent,salary,divident recived)
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / abdul bari
Golden rules of accounts are as follows: Real A/c, Nominal
A/C and personal A/C,
Items of personal A/C
real and artifical persons Like Ram, Raheem
Items of Nominal A/C
Salaries, intrest received Etc.,
Real account items
Fixed assets and current assets
| Is This Answer Correct ? | 13 Yes | 2 No |
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