Answer / shashikala jm

Personal a/c
Debit the receiver of benefit
Credit the giver of benefit

Real or property a/c
Debit what comes in
Credit what goes out

Nominal or Fictitious a/c
Debit all expenses & losses
Credit all incomes & gains

Answer / dinesh

Real Accounts
Dr.What comes in
Cr. what goes out

Personal Accounts
Dr.the receiver
Cr.the giver

Nominal Accounts
Dr.loss and Expenses
Cr.Incomes and Gains

Answer / mohammed abdul aleem

total ASSETS - LIABILITIES = CAPITAL

Answer / mukesh verma

debit- the receiver
credit- the giver
losses and expense=debit
profit and income=credit
inward thing=debit
outward thing=credit

Answer / ramesh

personal a/c :-

receive the debit----dr /1000
giver the credit---cr /1000

real a/c:-

what comes in debit----dr /2000
what goes out credit---cr /2000

nominal a/c:-

all loss and expense debit--dr/3000
all income and gain credit--cr/3000

Answer / kishanlal mayaram kori

In case of Personal Account
like Vijay's, Kishan's
bank accounts etc.
1. Debit to receiver
Credit to giver

In case of Real account
like Machinery, Goodwill,
etc accounts
2. Debit what comes in
Credit what goes out

In case of Nominal account
like Profit or loss,
Expenses or gain..
3. Debit All Exp /Loss
Credit Income/Gain

Note : Above three are the
basic rules of Accounting.

Answer / mohamed husaine

There are Three Basic Rules In Accounting

PERSONAL ACCOUNT:-
Debit The Receiver
Credit The Giver

NOMINAL ACCOUNT:-
Debit All Expenses And Loses
Credit All Incomes and Gains

REAL ACCOUNT:-
Debit What Comes In
Credit What Goes Out

Answer / kesavarao.k

1. Debit to receiver
Credit to giver

2. Debit what comes in
Credit what goes out

3. Debit All Exp /Loss
Credit Income/Gain

Answer / sharankumar

Real A/c : 1) Debit what comes in 2)Credit what goes out
Personal A/c: 1) Debit the receiver 2) Credit the giver
Nominal A/c: 1) Debit all expenses/loss 2) Credit all
income/gain

Answer / rathan(chennai)

Debit what comes in
Credit what goes out

Debit the Receiver
Credit the giver

Debit all Expenses and Gain
Credit all Incomes and loses

Could u show me the sample TDS Document / Template

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