Answer / guest

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 and losses
Credit all gains and incomes

Answer / madhulika

The rules and guidelines that companies must follow when reporting financial data.

Answer / madhavi

PERSONAL ACCOUNT:
DR THE RECEIVER
CR THE GIVER
REAL AC:
DR WHAT COMES IN
CR WHAT GOES OUT
NOMINAL
DR ALL THE EXPENSES AND LOSSES
CR ALL THE INCOMES AND GAINS

Answer / sandeep

PERSONAL ACCOUNT:
DR. THE RECEIVER
CR. THE GIVER
REAL AC:
DR. WHAT COMES IN
CR. WHAT GOES OUT
NOMINAL
DR. ALL THE EXPENSES AND LOSSES
CR. ALL THE INCOMES AND GAINS

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ADR

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