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Golden rules of accounting
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Answer / b. mohamed hanifa
REAL A/C :DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL A/C :DEBIT THE RECIVER
CREDIT THE GIVER
NOMINAL A/C :DEBIT ALL EXPANSES AND LOSSES
CREDIT ALL INCOME AND GAINS
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / padmini
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 INCOMES AND GAINS
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / navpreet kaur dhillon
REAL A/C: DR:WHAT GOES OUT
CR:WHAT COMES IN
PERSONAL A/C:DEBIT THE GIVER
CREDIT THE RECIEVER
NOMINAL A/C: DEBIT ALL EXPENCES & LOSSES
CREDIT ALL INCOME & GAIN
I WANT TO ASK ALL THAT IF DEBIT MEANS WHAT COMES IN THEN
HOW CAN IT BECOME EXPENSES & LOSSES IN NOMINAL A/C. PLEASE
JUST CORRECT ME BECAUSE I AM A NEW LEARNER
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / b.hanifa
REAL A/C :DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL A/C :DEBIT THE RECIVER
CREDIT THE GIVER
NOMINAL A/C :DEBIT ALL EXPANSES AND LOSSES
CREDIT ALL INCOME AND GAIN
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / shafi 9760366175
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 expences and losses
Credit all incomes and gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / babul kumar singh
Accounting is mainly classified under three categories
which are below,and For each and every transaction
there will be two aspects,ie,. Debit and credit.
Nominal Accounting: Debit all Expenses and Losses
Credit all Incomes and Gains
(Its related to incomes and expenditure (both Direct &
Indirect))
Personal Accounting: Debit the Receiver
Credit the Giver
(Its is related to person, firm etc....................)
Real Accounting: Debit What comes in
Credit what goes out.
(Its related to goods, cash etc.......................)
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / p. dhanasekar
Real Account
Personal Account
Nominal Account
Representative Personal Account
Valuation Accounting
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / macchindra sambhaji kadlag
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 expences and losses
Credit all incomes and gains
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / valli r
Personal A/c: Debit the receiver
Credit the Giver
Real A/C : Dr. What come in
Cr. What goes out
Nominal A/C : Dr. All expense & loss
Cr. All incomes & gains
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / senthamil kumaran
Personal Account: Debit the receiver
credit the giver
Nominal Account : Debit all expenses and losses
credit all incomes and gains
Real Account : what comes in Debit
what goes out credit
| Is This Answer Correct ? | 1 Yes | 0 No |
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