Golden rules of accounting
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Answer / faisal khan swati
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 GIVER
CREDIT THE RECEIVER
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Answer / imtiyaz
real a/c : debit what come in
credit what goes out
personal a/c :debit the recevier
credit the giver
nominal a/c :debit all expenses & loses
credit all profit & gain
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Answer / manoj kachrekar
Real A/c : debit was comes in
credit was goes out
Nominal A/c : Debit all expenses & losses
Credit all profit & gains
Personal A/c : debit the receiver
credit the giver
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Answer / yalka
personal account : debit the giver
credit the receiver
real account : debit what comes in
credit what goes out
nominal account : debit all expenses and loss
credit all income and gains
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Answer / pankz
real a/c : debit what come in
credit what goes out
nominal a/c :debit all expenses & loses
credit all profit & gain
personal a/c :debit the recevier
credit the giver
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Answer / jyotish prasad kakati
THERE ARE MAINLY THREE TYPES OF ACCOUNT IN GOLDEN RULES
THEY ARE AS FOLLOWS:
PERSONAL ACCOUNT- ALL THE RECEIVER IS DEBIT
ALL THE GIVER IS CREDIT
NOMINAL ACCOUNT- ALL EXPENSES AND LOSSES ARE DEBIT
ALL INCOME AND GAINS ARE CREDIT
REAL ACCOUNT- WHAT COMES IN DEBIT
WHAT GOES OUT CREDIT
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Answer / gaurav n. godhwani
Real Account debit what comes in
credit what goes out
Nominal Account debit all expenses and loses
credit all income and revenues
Real Account debit the giver
credit the receiver
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Answer / mohamed naisar
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 & losses
Credit all profit & gain
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Answer / vinay
Personal a/c : Debit the receiver
credit the giver
Real a/c : Debit what comes i
Credit what goes out
Nominal a/c :Debit all expencess and loses
Credit all incomes and gains
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Answer / raj pandey
accounts is recording classifieds posting.
real a/c- Dr was comes in
Cr was goes out.
nominal a/c- all exps & loss Dr
all income & gain Cr.
porsonal a/c- Dr the reciver.
Cr the giver.
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