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Golden rules of accounting..

Answer / ghansham kannake

REAL A/C : DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL A/C : DEBIT ALL EXPENSES & LOSSES
CREDIT ALL INCOMES & GAINS

PERSONAL A/C : DEBIT THE RECEIVER
CREDIT THE GIVER

Is This Answer Correct ?    0 Yes 0 No

Golden rules of accounting..

Answer / vicky

REAL ACCOUNT- Debits what comes in.
credit what goes out.


PERSONAL ACCOUNT- Debit the receiver and credit the
gives.

NORMINAL ACCOUNT- Debit all losses and expenses and credit
all profit and incomes.

Is This Answer Correct ?    0 Yes 0 No

Golden rules of accounting..

Answer / pankaj

Real account
Debit what comes in
Credit what goes out
Personal account
Debit the receiver
Credit the giver
Nominal Account
DEbit all expenses and loss
Credit all income and gains

Is This Answer Correct ?    0 Yes 0 No

Golden rules of accounting..

Answer / deepali haryan

Real Account:Debit what comes in
Credit what goes out

Nominal Account:Debit all expenses and losses
Credit all income and gain

Personal Account:Debit the receiver
Credit the giver

Is This Answer Correct ?    0 Yes 0 No

Golden rules of accounting..

Answer / nitin gandhi

1}Personal Account:

Debit to the Receiver
Credit to the Giver

2)Real Account:

Debit What Comes In
Credit What Goes Out

3)Nominal Account:

All Expenses or Losses Account Dr.
All Income or Gain Account Cr.

Is This Answer Correct ?    0 Yes 0 No

Golden rules of accounting..

Answer / prasant kumar das

Personal A/c-debit the Receiver
Credit the giver.
Real A/c- Debit What come in.
Credit what goes out.
Nominal A/c-All expense and loss are debit.
All income and gain are credit.

Is This Answer Correct ?    0 Yes 0 No

Golden rules of accounting..

Answer / sunanda banerji

Personal a/c:Debit the reciever
credit the giver
Real a/c:debit what comes in
credit what goes out
Nominal a/c:debit all expenses and losses
credit all incomes and debts

Is This Answer Correct ?    1 Yes 1 No

Golden rules of accounting..

Answer / ahasan khan(mr.pardeep)

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 the Expense & Loss
Credit all the Gains & Income & profit

if are the two condition choose Nominal A/c or Personal A/c
You choose Nominal A/C

Is This Answer Correct ?    0 Yes 0 No

Golden rules of accounting..

Answer / prashant.railar

Personal A/c: Debit the receiver
Credit the Giver

Real A/C : Debit What come in
Credit What goes out

Nominal A/C : Debit All expense & loss
Credit All incomes & gains

Is This Answer Correct ?    0 Yes 0 No

Golden rules of accounting..

Answer / shahnawaz

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 ?    0 Yes 0 No

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More Accounting AllOther Interview Questions

Profit is a asset or liability to the company....? If is it a asset or liability....how it is....?

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please proovide the answers for the reasons for the differences of cash book and pass book

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Anand put Hire charges bill for Rs 185250. During the course of work we supplied diesel worth Rs 25360,paid driver battas of Rs 1050.Pl pass journal entry by taking security deposit @ 5% and TDS @2.25%as deductions from bill

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what is the diff b/w manufactring a/c & trading a/c?

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how many accounting standards in india and also world wide

2 Answers  


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What are Mortgage Payment Problems?

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Define Joint Venture

1 Answers  


why you would like to work for the our(AIRLINE) Group ???

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A business unit disposes an old asset at a rate higher than its written down value. Then how it will be recorded and under what head of income

1 Answers  


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