Answer / sumit talekar

Personal A/c- Dr the Reciver
              Cr the Giver
Real A/c  -  Debit what comes in 
             Credit what goes out
Nominal A/c- Debit all expenses and losses
             Credit all income and gains

Answer / deepak chikane

for personal accounts
debit the reciver and credit the giver
(e.g.PERSONS ram sham ARTIFICIAL PERSON firm,socity)

for real account
debit what comes in cerdit what goes out
(e.g. land and building,plant,cash)


for nominal account
debit all expenses and losses and credit all income and gain
(e.g.rent,salary,divident recived)

Answer / abdul bari

Golden rules of accounts are as follows: Real A/c, Nominal
A/C and personal A/C,
Items of personal A/C
real and artifical persons Like Ram, Raheem
Items of Nominal A/C
Salaries, intrest received Etc.,
Real account items
Fixed assets and current assets

expand T I N

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dada proposed to start a business. He had only N10,000 which was not enough to start the business, he got a loan of N10,000 from his bank

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