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Golden rules of accounting
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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 |
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