Golden rules of accounting
- 369 Answers
- 645242 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / b.s.prakash
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
| Is This Answer Correct ? | 255 Yes | 53 No |
Answer / mohd tauseef
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 ? | 211 Yes | 30 No |
Answer / sa
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
SANDEEP GUPTA
MOB NO 9910396673
GHAZIABAD.UP
| Is This Answer Correct ? | 206 Yes | 34 No |
Answer / rajesh
Golden Rules of Accounting
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 ? | 204 Yes | 37 No |
Answer / ilyas
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 ? | 191 Yes | 27 No |
Answer / shilpi kumari
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 incomes and gains.
Credit all Expenses and losses.
| Is This Answer Correct ? | 891 Yes | 729 No |
Answer / vinay g.r
Personal account: Debit the receiver & Credit the giver.
Real account : Debit what comes in & Credit what goes
out.
Nominal account : Debit all expenses & Credit all incomes
& Gains.
| Is This Answer Correct ? | 197 Yes | 42 No |
Answer / b.swapna kothagudem
real account:debit what comes in
credit what goes out
nominal account:debit all expenses and losses
credit all gains and incomes
personal account:debit the receiver
credit the giver
| Is This Answer Correct ? | 184 Yes | 39 No |
Answer / santosh rane
As the above answers gives us idea about the A/c 'ing rules.
but in simple word
debit what comes in
credit whats goes out
in that you always get one thing .means something is coming
or going you can take any transaction you get one of it .
and automatically ones you get any one answer you get second
answer also. its very easy to use to update the journals
entry's in tally or in your exams. try it
| Is This Answer Correct ? | 182 Yes | 60 No |
there are 4 Golden Rules of accounting
1 personel * debit the receiver
* credit the giver
2 real * debit what comes in
* credit what goes out
3 nominal * debit all expences and losses ex discount
recieved,commission received
* credit all incomes and gains ex salary,
rent,advertisment,
4 personel representive a/c
| Is This Answer Correct ? | 196 Yes | 103 No |
WHAT IS CORPORATE ACTION?
what is your contribution in your organisition
What exactly balance sheet depicts
WHAT ARE THE TDS RATES ON VAT IN ANDHRAPRADESH STATE.
Expand ------APIIC
Why do people call Genpact as Gunpat outside? What do you reply when they ask that What does Gunpat manufacture?
EXPAND______________ICC
rtgs
Short Answer on _________National Debt
kindly given the example of contingent liabilities.
PAN stands for Permanent Account No A 11 digit PAN have some significance. i.e If a Pan starts from A then A stands for something. Can anybody tell me what the charaters in the PAN whether number or alphabet signify?
what is journal and ledgers ?
16 Answers Banking, Bhel, ICICI, Prolect,
Audit 
