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Golden rules of accounting
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Answer / sameer
Golden Rules of Accounting
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
(Its related to incomes and expenditure (both Direct &
Indirect)) Credit all Incomes and Gains
| Is This Answer Correct ? | 18 Yes | 8 No |
Answer / padma
Personal a/c - Debit what comes in
Credit what goes out
Real a/c - Debit the receiver
Credit the giver
Nominal a/c - Debit all expenses & losses
Credit all incomes & gains
| Is This Answer Correct ? | 11 Yes | 1 No |
Answer / shankar.k
Accounting Golden Rules
personal : Debit The Giver
Credit The Receiver
Real : Debit Was Comes In
Credit Was Goes Out
Nomminal : All Expenses and losses Debit
All Income And Gain Credit
| Is This Answer Correct ? | 33 Yes | 25 No |
Answer / s j baig
Accounts divided into two types 1.Personal A/c &
2.Impersonal, impersonal A/c again divided into two types
which is a)Nominal A/c & b)Real A/c.
Personal A/c: Debit is receiver and Credit is the giver.
Nominal A/c: All expenses and losses are Debit and all
incomes and gains are Credit.
Real A/c: What comes in and whats goes out.
But there is a only logic behind this that is Debit &
Credit.
| Is This Answer Correct ? | 13 Yes | 5 No |
Answer / gursewak satsangi
Basicly three golden rule of accounting
1 personal accounts : Debit the reciever and credit the
giver
2 nominal accounts : Debit all the exp and loss and
credit, all the profits and gains
3 Real accounts : Debit whats comes in and credit
whats goes out
| Is This Answer Correct ? | 11 Yes | 3 No |
Answer / prasathmani
PERSONAL A/C
DEBIT IS THE RECIVER
CREDIT IS 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 ? | 10 Yes | 2 No |
Answer / sheetal
debit the reicever
credit the giver
debit what comes in
credit whart goes out
debit all expenses and losses
credit all income and gains
| Is This Answer Correct ? | 13 Yes | 6 No |
Answer / vinita
Personal A/c
Dr. the receiver
Cr. the giver
Real A/c
Dr. what comes in
Cr. what goes out
Nominal A/c
Dr. all expenses & losses
Cr. all Incomes & gains
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / vishal
Personal A/C: Debtit the reciever
Credit the giver
Real A/C: Debit wat comes in
Credit wat goes out
Nominal A/C: Debit all expenses & losses
Credit all incomes & gains
| Is This Answer Correct ? | 7 Yes | 0 No |
Answer / samapti
REAL ACCOUNT=
DEBIT WHAT COMES IN.
CREDIT WHAT GOES OUT.
NOMINAL ACCOUNT
DEBIT ALL EXPENSES AND LOSSES.
CREDIT ALL INCOMES AND REVENUES.
PRESONAL ACCOUNT
DEBIT THE RECEIVER.
CREDIT THE GIVER.
| Is This Answer Correct ? | 7 Yes | 0 No |
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