Answer / md. irshad alam

Personal Account
Debit the receiver and credig the giver.

This rules apply in Personal account. Like- Bank Account,
RAj Account.
etc.

Real Account
Debit what comes in and credit that goes out.

Nominal Account
Debit all expenses and credit all incomes.
example.-rent a/c, staff a/c. petrol a/c, conveyance a/c,
interest a/c, discoount a/c etc.

Answer / prashanthi

3 basic rules in accounting

personal account:persional accounts are accounts of persons
with whom a concern carries on business.
debit is the receiver
credit is the giver
Real accounts:accounts relating to properties or assests of
a trader are known as real accounts
debit what comes in
credit what goes out
nominal accounts:accouts dealing with expenses losses,
gains and incomes are known as nominal accounts
debit all expenses and losses
credit all incomes and gains

Answer / guru

Real A/c
Debit What comes in
Credit What goes out.

Personal A/c
Debit the Receiver
Credit the Giver.

Nominal a/c
Debit all expences and Losses
Credit all Income and Gains..

Answer / madhuri kola

Personal Account
Debit the receiver
Credit the giver

Real Account
Debit what comes in
Credit what goes out


Nominal

Debit all expenses/loses
Credit all incomes/gains

Answer / prakash

There are three rules of accounts
1. real a/c i.e (asset)
when one asset comes in it should be debited
when one asset goes out it should be credited

2.personal a/c i.e (individual a/c)
when one person or co.receives benefit it should debited
when one person or co.gives benefit it should be credited

3.nominal a/c
all the expenses&losses should be debited
all the incomes&gains should be credited

Answer / anniket bhandakkar

1- Personal A/C
. Debit the receiver
Credit the giver

2- Real A/C
. Debit what comes in
Credit what goes out

3- Niminal A/C
. Debit All Exp /Loss
Credit Income/Gain

Answer / kailash chander puri

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 / shilpa m kulkarni

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

Answer / bhavyashree c

Personal Account
Debit the receiver
Credit the giver

Real Account
Debit wt comes in
Credit what goes out

Nominal Account
Debit all expenses and losses
Credit all gains and incomes

Answer / avinash

Personal a/c: Debit the reciver
credit the giver

Real A/c : Debit wht coms in
Credit wht gose out

Nominal a/c : Debit all exp.& losses
Credit all Gain & income

expand I M F L

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