Answer / marta

Rule 1: Total asset= Total liab + owner's Equity

Rule 2: Debit: all exp & loss
Credit: all income & gain

Rule 3: Total of debit side

Answer / gaurav bhardwaj

Personal A/c
- Debit the Receiver
- Credit the Giver

Reeal A/c
- Debit what Comes In
- Credit what Goes Out

Nominal A/c
- Debit all Expenses and Losses
- Credit all Income and Gains

Answer / ashwini c

1 personal account
debit the receiver
credit the giver
2 nominal account
all the expenses and losses debit
all the income and gains also credited
3 real account
what comes in debit
what goes in credit

Answer / mahalakshmi.r

personal A/c : " Debit the receiver
credi the giver"


Real A/c : "Debit what comes into the business
credit what goes out of business"

Nominal A/c : " debit the expenses or losses
credit the incomes or gains"

Answer / javed

small diagram u can draw on ur page

A L P R E
dr + - - - +

cr - + + + -

A(asset)
l(liability)
p(propritership)
r(revenue,icome)
e(expense)

so increase in asset become debit
decrease in assent become crerdt...and so on

Answer / mangesh paple

1)Personal A/C
Debit the receiver
Credit the giver

2)Nominal A/C
Debit all expenses and losses
Credit all income and gains

3)Real A/C
Debit whats comes in
Credit whats goes out

Answer / shivaraj

Real A/C
Debit : What comes in
Credit :what goes out
Personal A/C
Debit : Receiver
Credit : Giver
Nominal A/C
Debit : All Expenses & Losess
Credit : All incones and gains

Answer / krishna r

Real A/c
Debit what comes in
Credit what goes out
Nominal A/c
Debit all expenses and losses
Credit all incomes and gains
Personal A/c
Debit the Giver
Cerdit the Receiver

Answer / ambrose massey

PERSONAL A/C : These accounts deal with transactions
relating to persons or an organization.It can be classified
as
1- Natural Persons : Mr.A Massey,Triveni & sons, etc
2- Artificial Persons : SBI, ITC Ltd, Royal calcutta golf
club etc.
3- Representative persons : Outstandig persons,Prepaid
Salary etc

REAL A/C : It is an accounts relating to assets and
properties.
Eg: Land,Machinery,Building,Plant,Cash,Bank,Stock,etc


NOMINAL A/C : It is an accounts relating to
expenses,losses, income and gain.
Eg: sales, purchase, salary, wages, rent, enterest, etc

Answer / rakesh kanti

debit the recevier and credit the giver
debit what comes in and credit what goes out
debit all expenses and losses and credit all income and
gain.

can a real account shows a credit balance

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1. A firm buys stock for $100 by cheque and intends to sell it for $200, so the double entry should be a) Debit bank $100 and credit stock $ 100 b) Credit bank $ 200 and debit stock $ 200 c) Debit purchases $100 and credit sales $ 200 d) Debit purchases $ 100 and credit bank $ 100

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Trading account reveals---------Profit and loss account reveals ---------

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