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 depreciation on live stock?

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