Answer / pooja rani

There is a 3 golden rules of accounting
1- Personal Account -debit the receiver * credit the giver
2- Real Account - debit what comes in * credit what goes
out
3- Nominal Account - DEBIT ALL EXPENSES AND LOSSES, CREDIT
ALL INCOMES AND REVENUES

Answer / akash

1.debit is the receiver & credit is the giver
2.debit what comes in & credit what goes out.
3.all expenses and losses are debit & all income and gains
are credit

Answer / ashit kumar mallick

There is a 3 golden rules of accounting
1. PERSONAL ACCOUNT
2- IMPERSONAL ACCOUNT

Personal Account is divided 2 part that is called PERSONAL
ACCOUNT & REAL ACCOUNT

1 .Personal Account= Debit is the receiver Credit is the
giver
2 Real Account= Debit what comes in & Credit what goes out
IMPERSONAL ACCOUNT
Divided in 1 part that is called NOMINAL ACCOUNT
Nominal Account= Debit all expenses & losses Credit all
incomes & gains

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