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What is the three rules of Account & what is debit and
credit
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Answer / sridharan.v
Golden Rules of Accountancy Are:-
Accont Name Debit Credit
i. Personal A/c The Receiver The Giver
ii. Real A/c What comes in What Goes out
iii. Nominal A/c All Expenses&Losses All Incomes
&Gains
| Is This Answer Correct ? | 19 Yes | 1 No |
Answer / madhuri.a
There are 3 fundemental rules for accounting.
1. personal a/c
2. reala/c
3. Nominal a/c.
While coming to Accountancy Here Debit Means "What Comes IN"
&Credit means "what Goes Out".
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / ravichandra
Three rules of accounting is
- Real account
- Nominal account
- personnel account
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / sarvendra singh
Three Rules of Accounting is-
(1)Personal Account:-
Debit the Receiver
Credit The Giver
(2)Real Account:-
Debit What Comes In
Credit in Goes Out
(3)Nominal Account:-
Debit all Expenses & Loses
Credit all Income & Gains
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / satyaki_raju@yahoo.com
Madhuri madam kindly go thru your answer .You forgot to
answer about the rules in all the three
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / chandu
debit means what comes in because debit means what comes in
credit means what goes out because credit means what goes
out
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / shivaraja
1. Personal Account- Debit the receiver of benefit, credit
the giver of benefit.
2.Real Account-Debit what comes in, credit what goes out.
3.Nominal Account -debit all expenses and losses, credit all
income and gains.
| Is This Answer Correct ? | 0 Yes | 1 No |
Answer / srinivas
rules of ac is nominal, personal. real ac debit means what
goes out credit means what comes in
| Is This Answer Correct ? | 0 Yes | 5 No |
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