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

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

Answer / jiten koli

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

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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