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Golden rules of accounting..

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

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Golden rules of accounting..

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

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Golden rules of accounting..

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

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Golden rules of accounting..

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

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Golden rules of accounting..

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

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Golden rules of accounting..

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

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Golden rules of accounting..

Answer / mangesh

Fierst one is correct

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Golden rules of accounting..

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.

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Golden rules of accounting..

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

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Golden rules of accounting..

Answer / singh

U WRITE CORRECT ANSWER GYES BUT U KNOW WHO IS THE FATHER
OF ACCOUNTING

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