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Golden Rules Accounts (15th nov-2009)
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Answer / guest
Personal Account: Debit the receiver
Credit the giver
Real Account: Debit what comes in
Credit what goes out
Nominal Account: Debit all losses & expesnses
Credit all incomes & gains
| Is This Answer Correct ? | 55 Yes | 2 No |
Answer / madan pal singh
Personal Account: Debit the receiver
Credit the giver
Real Account: Debit what comes in
Credit what goes out
Nominal Account: Debit all losses & expesnses
Credit all incomes & gains
| Is This Answer Correct ? | 24 Yes | 2 No |
Answer / shyam singh rana
Personal Account: Debit the receiver
Credit the giver
Real Account: Debit what comes in
Credit what goes out
Nominal Account: Debit all losses & expesnses
Credit all incomes & gains
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / srisailam
Personal A\c Debit the reciever
Credit the Giver
Real A\c What comes Debit in
What goes credit out
Nominal A\c All expenses losses Debit
All incomes and gains credit
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / sanjai t s
Accountancy has only one Golden Rule,,,, As the base of
accountancy stands upon these Golden Rules:::::::::::
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 & losses
Credit all incomes & gains
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / suresh raichur
In Accounting three golden rules are followed to identify
the business activities:
1. Personal Account
Debit the received
Credit the giver
2. Real Account
Debit what comes in
Credit what goes out
3. Nominal Account
Debit all expenses & losses
Credit all incomes & gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rani
Debit what comes in
Credit what goes out
It's called Golden rules accounts
| Is This Answer Correct ? | 0 Yes | 0 No |
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