Golden rules of accounting
- 369 Answers
- 672303 Views
- Accenture, Accounting, Ajuba, Birla Tyres, Chartered Accountant, Flextronics, Genpact, Hewitt, HP, Intel, JPMorgan Chase, Northern Transport, Oracle, Scope International, TCS, TransWorld, UCO Bank, WNS, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / sachin
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 ? | 6672 Yes | 605 No |
Answer / swapna
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 incomes and gains
| Is This Answer Correct ? | 3625 Yes | 298 No |
Answer / vishnu vardhan
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
| Is This Answer Correct ? | 5744 Yes | 2864 No |
Answer / santosh
Accounting is mainly classified under three categories
which are below,
Nominal Accounting: Debit all Expenses and Losses
Credit all Incomes and Gains
Personal Accounting: Debit the Receiver
Credit the Giver
Real Accounting: Debit What comes in
Credit what goes out.
| Is This Answer Correct ? | 1828 Yes | 263 No |
Answer / nageswara rao
Personel a/c : Debit the receiver
Credit the giver
Real a/c : What comes in Debit
What goes out Credit
Nominal a/c : Debit all Loss and Expenses
Credit all Incomes and gains.
| Is This Answer Correct ? | 839 Yes | 176 No |
Answer / lucky
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 ? | 764 Yes | 166 No |
Answer / i a jude hentry
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 ? | 717 Yes | 151 No |
Answer / raju malode
PERSONAL ACCOUNT : Debit the receiver
Credit the giver
(Its is related to peson, firm etc....................)
REAL ACCOUNT : Debit what comes in
Credit what goes out
(Its related to goods, cash etc.......................)
NOMINAL ACCOUNT : Debit all expenses and losses
Credit all incomes and gains
(Its related to incomes and expenditure (both Direct &
Indirect))
| Is This Answer Correct ? | 394 Yes | 53 No |
Answer / ganesan jayaraman
Real Account : Debit what comes in
Credit What goes out
Personal Account: Debit the Receiver
Credit the Giver
Nominal Account: Debit all Expenses & Losses
Credit all Income & Gains
| Is This Answer Correct ? | 378 Yes | 56 No |
Answer / sankar
Real account :Debit what comes in
Credit what goes out
Personal Account :Debit the receiver
Credit the giver
Nominal Account :Debit all expenses & Losses
Credit all Income & gains
| Is This Answer Correct ? | 313 Yes | 57 No |
wHAT IS THE DISTINCTION BETWEEN TRADE DISCOUNT AND CASH DISCOUNT
equity
EXPAND_________VBRI
What is the relevant range and why is it important to a full understanding of the behaviour of costs?
Expand---------MRDT
expand C M P F
what is minority interest?
what is meant by factorising
5. What is cost of goods sold?
cost accounting process
what is derivative?
8 Answers Bank Of America, FactSet Systems,
what is dividend? how do the use an accountancy?
Audit 
