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What are the 3 Basic Rules in Accounting.
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Answer / mohammed herber
3 basic rules are
Dr. the receiver personal a/c
Cr the giver personal a/c
Dr whats come's in real a/c
Cr whats goes out real a/c
Dr all expences & losses nominal a/c
Cr all income and gain nominal a/c
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Answer / mahesh
There are three basic rules in accounting
Real Account: what comes in--Dr
what goes out-----Cr
Personal Account:the receiver--Dr
the giver--------Cr
Nominal Account: All expenses and losses--Dr
All income and gains-------Cr
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Answer / anu
Personal account
Debit the receiver
credit the giver
Real account
Debit what comes in
Credit what goes our
Nominal account
Debit all expenses and losses
Credit all incomes and gains.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / deepak
personal a/c
debit what comes in
credit what gose out
Real a/c
debit the reciver
credot the gover
nominal a/c
debit all exp/losses
credit all gain/profit
| Is This Answer Correct ? | 2 Yes | 4 No |
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