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Golden rules of accounting
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Answer / shravan
there mainly three golden rules in accounting
personal a/c
real a/c
nominal a/c
per......... debit the receiver
credit the giver
real.........debit whats comes in
credit whats go out
nomi.........debit all expenses and losses
credit all incomes and gains
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Answer / haider eqbal
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 ? | 1 Yes | 1 No |
Answer / praveen
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 ? | 0 Yes | 0 No |
Answer / jewel
The golden rules of accounting is debit and credit. It means
as per accounting rules & regulation what says.
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Answer / jewel
the golden rules of accounting is debit & credit. It mean as
per international rules & regulation what can say.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / safil
DEBIT CREDIT
PERSONAL A/C : 1) A PERSON BECOMES OUR 1)A PERSON BECOMES OUR
DEBTOR CREDITOR
2) WHEN A PERSON CESES 2)WHEN A PERSON CESES
TO BE OUR CREDITOR TO BE OUR DEBTOR
REAL A/C : 3) WHAT COMES IN 3) WHAT GOES OUT
NOMINAL A/C : 4) EXPENSES & LOSES 4) INCOME & GAIN
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vikas.hs
REAL ACCOUNTS - DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL ACCOUNTS - DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNTS - DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / hamza arif
PERSONAL ACCOUNT:DEBIT THE RECIEVER
CREDIT THE GIVER
REAL ACCOUNT: DEBIT WHTS COME IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNT: DEBIT ALL EXPENSES AND LOSES
CREDIT ALL INCOMES AND GAIN
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kishor k
REAL ACCOUNT :
DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNT :
DEBIT ALL EXPENCES AND LOSES
CREDIT ALL INCOME AND REVENUE
PERSONAL ACCOUNT :
DEBIT THE RECEVIER
CREDIT THE GIVER
| Is This Answer Correct ? | 0 Yes | 0 No |
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