Interested to Buy Any Domain ? << Click Here >> for more details...
Golden rules of accounting
- 369 Answers
- 707393 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 / boopathy
Accounting Golden Rules
personal : Debit The Giver
Credit The Receiver
Real : Debit Was Comes In
Credit Was Goes Out
Nomminal : All Expenses and losses Debit
All Income And Gain Credit
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / jaydeep
REAL ACCOUNTS: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT EG:CASH
IF YOU GIVE CASH IT IS CREDITED(TO SIDE)
IF YOU GAIN CASH IT OS DEBITED (BY SIDE)
------------------------------------------------------------
NOMINAL ACCOUNTS: DEBIT ALL EXPENSES AND LOSSES EG:SALARY
CREDIT ALL INCOMES AND REVENUES
IF YOU PAY SALARY IT IS DEBITED(BY SIDE)
IF YOU RECIEVE SALARY IT IS CREDITED(TO SIDE)
------------------------------------------------------------
PERSONAL ACCOUNTS: DEBIT THE RECEIVER
CREDIT THE GIVER
EG:RAM GIVES 1000 RS TO SHYAM:
SHYAM A/C DEBIT
TO RAM A/C CREDIT
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / vijayakumar.p
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 ? | 0 Yes | 0 No |
Answer / san.p
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 exp and losses
credit all incomes and ains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mainak bhattacharya
Real Account: A)What comes in debit
B)what goes out credit
Personal Account: A)Reciver is debit
B)Giver is credit
Nominal Account: A)Expenses and Losses is debit
B)Income and Revenue is credit
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pradip sawant
Personal A/C : Debit the receiver
Credit the giver
Real A/C : Debit whats comes in
Credit whats goes out
Nominal A/C : Debit all expenses and losses
Credit all income and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / amol kakade
Personal account:Debit what comes in, Credit what goes out.
Real account :Debit the reciever while Credit the giver.
Nominal account :Debit all expences and losses, Credit all
incomes and gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pratham
Personal A/c: Dr. the receiver
Cr. the Giver
Real A/C : Dr. What come in
Cr. What goes out
Nominal A/C : Dr. All expenses & losses
Cr. All incomes & gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / singh
U WRITE CORRECT ANSWER GYES BUT U KNOW WHO IS THE FATHER
OF ACCOUNTING
| Is This Answer Correct ? | 0 Yes | 0 No |
Expand WTO?
What Settlement details are required on the delivery instruction slip?
what are the differences between Tally and Focus?
TDS ENTRIES IN THE HANDS OF PAYER & PAYEE
Expand SOIT
WHEN IN ADJUST. GIVEN THAT THERE IS VALUE OF RS...., OBSOLESCENCE STOCK INCLUDED IN CLOSING STOCK RS.......,WHAT IS THE PROPER WAY TO SHOW IN INCOME STATEMENT AND POSITION STATEMENT.
what tax will be on puchasing of sweets and is necessery to use form 38.
where do you get working capital?
Expand-------------BRTS
Supposed we raised the Bill to the party last year. Next year party refused to pay the bill. Now I want write off the ledger of that party. How i make journal entry?
What is the difference btwn "Sales" and "Turnvoer".
What is the treatment for 'DEFERRED REVENUE EXPENDITURE'?
26 Answers Accenture, Capital IQ, Genpact,
Audit 
