what are the golden rules of accounts and the items of
personal accounts,real account,nominal accounts?
- 3 Answers
- 8955 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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
| Is This Answer Correct ? | 25 Yes | 0 No |
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)
| Is This Answer Correct ? | 14 Yes | 0 No |
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
| Is This Answer Correct ? | 13 Yes | 2 No |
Where we show Service Tax Due ( Debit Balance ) in Balance Sheet?
Expand---------MRB
Expand N D P
What is Owner's Equity?
cost accounting process
What is BRS, with an example?
Hello, I am trying to record the journal entries for taking a loan and refinancing it into two new loans. How would I show the closing loan and the opening of two new loans? Thank you for your help!
Expand ------BMI
what do you mean by fixed asset?
25 Answers Baba Group, Capital IQ, Orchid,
what is accounting standard?
How does the profit is affected by the loan.
Expand CDR
Audit 
