what are the golden rules of accounting?
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Answer / girishgowdakm
Personal: Debit the receiver
Credit the Giver
Real : Debit what comes in
: Credit what goes out
Nominal : Debit all expenses and losses
: Credit all income and gains
Is This Answer Correct ? | 35 Yes | 0 No |
Answer / jagadeep biswal
personal Accounts: Debit the Receiver
credit the Giver
Real Accounts :Debit What comes in
:Credit What goes out
Nominal Accounts :Debit Expenses and Losses
:Credit Incomes and Gains
This is also known as RULES OF DOUBLE ENTRY
Is This Answer Correct ? | 2 Yes | 0 No |
account are three types
1. Personal A/c - Firm,name,Company,person.
DR- The Reciver
CR- The Giver
2. Real A/c- Cach a/c,Bank a/c,
DR- What comes IN
CR-What goes OUT
3. Nominal A/c Interest,Penalty,Copyright.wil
DR - All losses
CR- All Gains
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Answer / pradeep
Personal A/c : Debit all receible
: Credit All Payable
Real a/c Whats ever comes is Dr.
what ever is goes is Cr.
Nominal A/c Dr. All typs of Expenses
Cr. All typs of Income
this is also call the golden rule of Accounting.
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Country-Western songs emphasize three basic themes: love, prison and trucks. A survey or the local Country-Western radio station produced the following data: 12 songs about a truck driver who is in love while in prison 2 about people in prison who are not in love and do not drive trucks 8 about people who are out of prison, are not in love, and do not drive a truck 13 about a prisoner in love 28 about a person in love 18 about a truck driver in love 16 about truck drivers who are not in prison 3 about a truck driver in prison who is not in love Find the number of songs about: a) How many songs were surveyed? b) truck drivers? c) prisoners? d) truck drivers in prison? e) people not in prison? f) people not in love?
EXpand-------KGF