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What are the 3 Basic Rules in Accounting.
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Answer / ajinath phuke
Personal a/c
Debit the recevier
Credit the giver
Nominal a/c
debit all expences &loss
Credit all incom& gains
Real a/c
debit what come in
Credit what goes out
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Answer / kailasam
Personal A/c
Dr:-"Debit the receiver
cr:-credit the giver"
Real A/c
Dr:-"Debit what comes in"
cr:-"credit what goes out"
Nominal a/c
Dr:-"Debit all expenses and lossess
cr:-credit all incomes and gains"
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mahesha c
1) personal accounts
Debit is the receiver.
Credit is the giver.
2)Real accounts
Debit what comes in.
Credit what goes out.
3)nominal accounts
Debit all expenses & losses.
Credit all income & gains.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / sujeet
what type ac in real ac nominal ac personal ac
1 1
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Answer / funny sharma
1+2X0=
1+4+4+4+4+4-2X0-1+4=
0X10+5+5-0+5=
ITS REAL ACCOUNT
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / weldon vel
#ACCOUNTING RULES#
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 ? | 0 Yes | 0 No |
Answer / mohammed mubasheer ali khan
Golden rules of accounting
1)personal a/c
2)nominal a/c
3)real a/c
PERSONAL A/C: debit is the receiver
credit is the giver
real a/c:What comes in ------ Dr
What goes out----- Cr
nominal a/c :All expenses and losses--Dr
All income and gains-------Cr
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Answer / ruksar khan
1) ASSETS = liabilities + Capital
2) what comes in DR.
what goes out CR.
3) Debit all exp&loss and credit all incomes and gains
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / abhijeet yadav
1.Real Account
what comes in Dr
what goes out Cr
2.Personal Account
Reciver is Dr
Giver is Cr
3.Nominal Account
All Expenses Dr
All incomes Cr
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / akshata
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 income & gains
| Is This Answer Correct ? | 0 Yes | 0 No |
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Audit 
