Answer / mayur shrivastava (+91) 99830-

There are three major golden rules of accountancy as below:-
First one-
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 income & gains.

Answer / ganesh

golden rules of accounting

what comes in Dr...

what goes out Cr...

Debit is the receiver

Credit is the giver

all gains and income are credit

all losses and expenses are Debit

Answer / khushbu agarwal

Personal A/C - Debit who is receiver
Credit who is giver

Real A/C - Debit what comes in
Credit what goes out

Nominal A/C - All expenses & losses are debit
All incomes & gains are credit

Answer / burugupalli v manjunath

personal account-debit the receiver
credit the giver
nominal account-debit all expenses and losses
credit all incomes and gains
real account-debit what comes in
credit what goes out

Answer / prashant jha

Personal account- debit the reciever credit the giver
Real account-debit what comes in credit what goes out
Nominal account-debit all expences and losses credit all profits and gains

Answer / upendra sharma

all expenses &losses are debit

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