Golden rules of accounting
Answers were Sorted based on User's Feedback
Answer / yashwant
Real A/C- Debit whats comes in
Credit whats goes out
Personal A/c- Debit the receiver
Credit the giver
Nominal A/c- Debit all expenses and losses
Credit all incomes and Profit
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vinod
personal account:debit the receiver
credit the giver
real account:debit what comes in
credit what goes out
nominal account:debit the expenses & loses
credit the income & gain
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / arvind karthi venkatesh
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
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / soumya sashidhar
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 / e.sankar
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 ? | 1 Yes | 0 No |
Answer / amit singh rawat
personal accounts:-
Debit the ricever and credit the giver.
Real accounts:-
Debit what's comes in and credit what's
gose out.
Norminal accounts:-
Debit all Expenses and Losses And Credit
all Income and Gain.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / banajit haloi
Personal a/c-- Debit the Receiver
Credit the Giver.
Real a/c--Debit what comes in
Credit what goes out.
Nominal a/c--Debit expenses or losses
Credit gains or incomes.
Is This Answer Correct ? | 2 Yes | 1 No |
Answer / karthik
REAL ACCOUNTS : DEBIT WHATS COMES IN
CREDIT WHATS 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 ? | 1 Yes | 0 No |
Answer / gautam saurabh.
PRESONAL ACCOUNT- debit the receiver, credit the giver.
REAL A/c - dr.what come in, cr. Whats goes out.
NOMINAL A/C- Dr.all expenses and losses, Cr. all income and gains.
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / pratik lokhande
Personal A/c: Debit the Receiver
Credit The Giver
Real A/c: Debit What Comes in
Credit what goes out
Nominal A/c: Debit the Expences and Losses
Credit Profit and Gains
Is This Answer Correct ? | 1 Yes | 0 No |
What i the Limitations of Ration Analysis?
What is difference between profit, revenue?
In case of new admission of partner what will be the adjustment for the sharing ratios
1.provide a brief write up on why you consider yourself suitable for the post voting your major achievements? 2. Mention your position in the hierarchy and the levels above and below you ?
what is capitaemployed?
EXPAND______________OLTAS
What is the accounting treatment for TDS and service tax?
I am going to attend an interview for the post of jr. Accounts Officer in airport authority of india,pls help me to prepare for the interview??
What is the difference between Debit and Credit Card?
cash transferred from sbi to andhra bank? how we can post it in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post)
difference b/w public and private company?
agar humne c-form ke against sales ki hai . After 6-month party hamhe goods retun karti hai sath hi wo hamshe sales return amount ka c-form magti hai to kya hum c-form issue kar sakhte hai ya nahi.please give me correct suggestion.