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Golden rules of accounting
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Answer / indu verma
personal account: Debit the receiver.
Credit the Giver.
Real Account: Debit what comes in.
Credit what goes out.
Nominal Account: Debit all losses and expenses.
Credit all income and Gain.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / monaliza
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 income and gain
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / panneer selvam m.p
Personal A/c : Debit the receiver
Credit the giver
Real A/c : Debit what comes in
Credit what goes out
Nominal A/c : Debit Loss and Expense
Credit Profit and Gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vijayakumar
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 / kush soin
1.Personal account:-
Debit - The Receiver
Credit - The Giver
2.Real account:-
Debit - What comes in
Credit - What goes out
3.Nominal account:-
Debit - All expenses and losses
Credit - All incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / arif
personal a\c:debit the receiver credit the giver.
nominal a\c: debit all the expences and losses,credit all the incomes and gains.
real a\c:debit what comes in credit what goes out.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / pushpendra ameriya
Personal account
Dr.the reciever.
Cr.the giver.
Real accounts
Dr.whats come in
Cr.whats goes out
Nominal account.
Dr.all expense & losses
Cr.all income & gain.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / randhir kumar jha
PERSONAL ACCOUNT : Debit the Receiver
Credit the Giver
REAL ACCOUNT : Debit what comes in
Credit what goes out
NOMINAL ACCOUNT : Debit all expenses and losses
Credit all income and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / kavita mishra
nominal account:-debit all the expeces and losses credit
incom and revenues.
real account:-debit what come in credit what gose out.
personal account:- debit the receiver
credit the giver
| Is This Answer Correct ? | 0 Yes | 0 No |
Carriage outwards will appear on -----------side of---------
Rs 45000 received from the source of bad debts which were already declared.pass entry
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