Golden rules of accounting
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Answer / ankush
Persnol Account - Debit the receiver
- Credit the giver
Real Account- Debit what comes in
- Credit what gose out
Nominal Account - Debit all loss and expenses
- Credit all income and gains
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Answer / yogesh kumar sen
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
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Answer / kani
1.no,2.yes,3.yes,4.yes,5.no,6.no,7.yes,8.yes,9.yes,10.yes
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Answer / luca pacioli
REAL ACCOUNTS: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS: DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS: DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / shankar.l
personal a/c: debit the receiver and
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 gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sharnjit singh
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVEN
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / surajit saha
PERSONAL ACCOUNT: DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNT : ALL EXPENSES AND LOSSES ARE DEBIT
ALL INCOMES AND GAINS ARE CREDIT
REAL ACCOUNT : ALL ASSETS ARE DEBIT
ALL LIABILITIES ARE CREDIT
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / d.prabhu
real account;
debit what comes in
credit what goes out
personal account;
debit is the reciver
credit the giver
nominal account;
debit all expeness and losses
credit all incomes and gains
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Answer / pratap.
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 expenses and losses
Credit all incomes & gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mandar
REAL ACCOUNTS DEBIT WHAT COMES IN.
CREDIT WHAT GOES OUT.
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES.
CREDIT ALL INCOMES AND GAINS.
PERSONAL ACCOUNTS DEBIT THE GIVER.
CREDIT THE RECEIVER.
| Is This Answer Correct ? | 0 Yes | 0 No |
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