Answer / kailash kamble

1. Real Accounts : Debit what comes in
Credit what goes out

2. Nominal Accounts : Debit All Expenses And Losses
Credit All Income And Revenue

3. Personal Accounts : Debit the Reciver
Credit the Giver

Answer / sarita singh

personal a/c
dr. the ricever cr.the giver

real a/c
dr. what comein cr. what goesout

nominall a/c
dr. all expenses/loss cr. all incom/gain

Answer / mohd.nayeem islaahi

Personal A/c
Debit The receiver credit giver

Real A/c
Debit what comes in credit what goes out

Nominal A/c
Debit all expenses or losses credit All incomes or gains

Answer / hussain

1. Real Accounts : Debit what comes in
Credit what goes out

2. Nominal Accounts : Debit All Expenses And Losses
Credit All Income And Gains

3. Personal Accounts : Debit the Reciver
Credit the Giver

Answer / aashutosh biswas

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER

Answer / swaranjali

Every debit effect should have corresponding credit effect.

Answer / ch.brahmaji

2types of rules of accounting
1) personal accounting
2) impersonal accounting


1) personal accounting in that include of only personal
related to account rules
1 natural person
2 artificial person
3 Representative person rules of using

PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER


impersonal accounting
1 nominal accounting
2 real accounting


NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

real accounting is assets
in that many types of assets are like fixed assets ,current
assets ,


REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OU

in our co we are sales of good to branch in order sales+fright, branch made jv entry in own book as full amount debit and credit. now our book show sales without freight but branch shows including freight that why differences is arise due to wrong entry passes pls clarify this entry and this entry is done last year book now balance is finalize.

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