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what is the golden rule of accounting.
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Answer / amith dsilva
Debit the reciver, Credit the Giver
Debit all expenses, Credit all incomes
Debit what comes in credit what goes out
| Is This Answer Correct ? | 52 Yes | 2 No |
Answer / sunil shenoy
Personal a/c- Debit the receiver of benefit, Credit the
giver of benefit.
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 ? | 18 Yes | 0 No |
Answer / ramakrishnareddy
personal a/c: 1.Debit the receiver of benifits
2.credit the giver of benifits
Real a/c : 1.Debit what comes in(like assets or money)
: 2.Credit what goes out( --do-- )
Nominal a/c : 1.Debit all expenses &losses(bad debts)
: 2.Credit all incomes & gains (prepaid income)
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / yoegsh
PERSONAL A/C: 1.DEBIT THE RECEIVER OF BENIFITS
2.CREDIT THE GIVER OF BENIFITS
REAL A/C : 1.DEBIT WHAT COMES IN(LIKE ASSETS OR MONEY)
: 2.CREDIT WHAT GOES OUT( --DO-- )
NOMINAL A/C : 1.DEBIT ALL EXPENSES &LOSSES(BAD DEBTS)
: 2.CREDIT ALL INCOMES & GAINS (PREPAID INCOME)
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / rajca.jaiswal
accounting rule on which we have to pass journal entries in
the book of accounts.
| Is This Answer Correct ? | 8 Yes | 22 No |
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