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Golden rules of accounting
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Answer / r.b shukla
Real a/c: By/Dr. What Comes in.
To/Cr. What Goes out.
Personal a/c: By/Dr. The Receiver.
To/Cr. The Giver.
Nominal a/c: BY/Dr. All Expenses & Losses.
By/Cr. All Gains & Profit.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / roshani sandra
Real accounts:- Debit what comes in
Credit What goes out
Personal Accounts:- Debit the Receiver
Credit the Giver
Nominal Accounts:- Debit Expenses and Losses
Credit Income and Receiver
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / ravindra kadam
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
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / shyam biradar1992@gmail.com
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 expenses and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / ajit sharma
REAL ACCOUNTANT: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT.
NOMINAL ACCOUNTANT: DEBIT ALL EXPENSES & LOSSES
CREDIT ALL INCOME & REVENUES.
PERSONAL ACCOUNTANT: DEBIT THE GIVER
CREDIT THE RECEIVER.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / hema
personal account:Debit the receiver
credit the giver
real account :what comes in Debit
what goes out credit
nominal account :Debit all expanses and loss
credit all incomes gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / thiru
Nominal A/c : Debit Loss and Expense
Credit Profit and Gains
PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER
Real A/c : Debit what goes out
Credit what comes in
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / alia khan
i dont agree on this as i read seven golden rules however here the same has been repeated n number of tims
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rithika
PERSONAL A/C- DEBIT THE RECEIVER
CREDIT THE GIVER
REAL A/C- WHAT COMES IN DEBIT
WHAT GOES OUT CREDIT
NOMINAL A/C- ALL EXPENSES & LOSSES DEBIT
ALL INCOMES & GAINS CREDIT
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / nellie chirwa
debit the receiver, credit the giver
debit all expenses and losses, credit all profit and gains
debit what comes in, credit what goes out
| Is This Answer Correct ? | 0 Yes | 0 No |
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