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Golden rules of accounting
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Answer / rahul kumar
in personal acccount , debit the receiver
credit the giver
in real account , debit whats come in
credit whats goes out
in nominal account ,debit all expenses and losses
ccredit all income and gain
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / nagaraju.pantrangam
Personal Account:Debit the receiver
Credit the giver
Real Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / thendral
PERSONAL ACCOUNT : DEBIT THE RECEIVER
CREDIT THE GIVER
REAL ACCOUNT : DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNT : DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / naveen kumar
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND Gain
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / chandan singh vohra
real account-dabit whats come in and credit whats goes out
personal accounts-dabit the reciver and credit the giver
nominal accounts- dabit the all expences and losses and
credet the all income and profit
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / tarun patel
Personal Account:Debit the receiver
Credit the giver
Real Account : Debit what comes in
Credit what goes out
Nominal Account : Debit all expenses and losses
Credit all incomes and gain
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / abhinash pattnaik
Real A/c :-
Debit what's comes in
Credit what's goes out
Nominal A/c :-
Debit all exp. And losse
Credit all income and gain
Personal A/c :-
Debit the receiver
Credit the give
BY :- ABHINASH PATTNAIK
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / arjun johra
REAL A/C: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PEROSNAL A/C: DEBIT IS RECEIVER
CREDIT IS GIVER
NOMINAL A/C: DEBIT IS ALL EXP AND LOSSES
CREDIT IS GANINS AND INCOMES
In one trasaction statement, there are two a/c will be
involved Ex: X person has deposited Rs. 10000 to HDFC Bank
Rs.10000 is Credit( going out)( Real a/c) and HDFC Bank is
debit is receiver ( Personal a/c)
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / m.s.a.siddiqui.
There are three rules for recording the transactions
personal Account:
Debit The Receiver.
Credit The Giver.
Real Account:
Debit What come in.
Credit What goes out.
Nominal Account:
Debit Expenses and losses.
Credit Incomes and gains.
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / shivraj telang
Personal accounts : Dr the Receiver
Cr the Giver
Nominal Accounts : Dr all expenses and losses
Cr all incomes and gains
Real Accounting : Dr what comes
Cr what goes out
| Is This Answer Correct ? | 2 Yes | 0 No |
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