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what is basic accounts rule?
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Answer / pardeep kumar
Firstly Acconts have two types ;-
1. Personal Acconts
2. Impersonal Accounts ( Real A\cs & Nominal A\Cs )
The three "Golden Rule" of Debit & Credit based on
Classification of A/Cs are:-
1. Personal Account - Dr. the Reciever
Cr. the Giver
2. Real Account - Dr. What Comes in
Cr. What Goes Out
3. Nominal Accont - Dr. all Expenses & Losses
Cr. all Profits & Gains.
| Is This Answer Correct ? | 206 Yes | 5 No |
Answer / prasanna
accounting means not only calculation of income &
expenditure. there are 3 typs of account golden rules which
describes the organisational financial details with the
help of these three rules.
1) nominal
2) real
3)personal
& for that all ruls are there.
for 1st all exp.are debited all gain is credited
2nd debit what comes in credit what goes out .
3rd debit the reciver & credit to giver.
this are the basic rules of accounting
| Is This Answer Correct ? | 154 Yes | 9 No |
Answer / pardeep kumar
In Personal A\cs - DR. the Receiver & CR. the Giver.
In Real A\CS - DR. what comes in & CR. what goes out.
In Nominal A\Cs - DR. all exp. & losses & CR. all profits
& Gains.
| Is This Answer Correct ? | 100 Yes | 10 No |
Answer / pushpalatha
Personal Account - Debit the Reciever
Credit the Giver
2. Real Account - Debit What Comes in
Credit What Goes Out
3. Nominal Accont - Debit all Expenses & Losses
Credit all Profits & Gains.
| Is This Answer Correct ? | 78 Yes | 3 No |
Answer / inayath basha
THE MAIN THREE BASIC GOLDEN RULES IN ACCOUNTS ARE
1 > PERSONAL ACCOUNTS
2> REAL ACCOUNTS
3> NOMIMAL ACCOUNTS
| Is This Answer Correct ? | 60 Yes | 8 No |
Answer / surtha keerthi
Personal Account - Debit the Reciever
Credit the Giver
2. Real Account - Debit What Comes in
Credit What Goes Out
3. Nominal Accont - Debit all Expenses & Losses
Credit all Profits & Gains.
| Is This Answer Correct ? | 53 Yes | 2 No |
Answer / pushkar raj sharma
the three golden rules of a/cs is
1. personal a/c
debit the receiver
credit the giver
2. real a/c
debit what comes in
credit what goes out
3.nominal a/c
debit all expenses & losses
credit all income and gains
| Is This Answer Correct ? | 42 Yes | 3 No |
Answer / swapnil pol
The three "Golden Rule" of Debit & Credit based on
Classification of A/Cs are:-
1. Personal Account - Dr. the Reciever
Cr. the Giver
2. Real Account - Dr. What Comes in
Cr. What Goes Out
3. Nominal Accont - Dr. all Expenses & Losses
Cr. all Profits & Gains.
| Is This Answer Correct ? | 42 Yes | 6 No |
Answer / venugopal
nthe three golden rules of a/cs is
1. personal a/c
debit the receiver
credit the giver
2. real a/c
debit what comes in
credit what goes out
3.nominal a/c
debit all expenses & losses
credit all income and gains
| Is This Answer Correct ? | 34 Yes | 3 No |
Answer / preet
1.Personal Account - Debit the Reciever
Credit the Giver
2. Real Account - Debit What Comes in
Credit What Goes Out
3. Nominal Accont - Debit all Expenses & Losses
Credit all Profits & Gains.
| Is This Answer Correct ? | 26 Yes | 5 No |
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