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What are the basic rules in accounting.
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Answer / manas ranjan nayak
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 34 Yes | 3 No |
Answer / prathibha.thota
REAL: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUR
NOMINAL: DEBIT ALL THE EXPENSES AND LOSESS
CREDIT ALL THE INCOMES AND GAINS
PERSONAL: DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 19 Yes | 0 No |
Answer / neha
REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES
PERSONAL ACCOUNTS DEBIT THE GIVER
CREDIT THE RECEIVER
| Is This Answer Correct ? | 29 Yes | 19 No |
Answer / ravi kumar laxmikant mishra
Real a/c : 1-Debit what comes in
2-Credit what goes out
Personal a/c : 1-Debit the receiver
2-Credit the giver
Nominal a/c : 1-Debit all losses and expenses
2-Credit all incomes and gains
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / sindujaramkumar
the rules may be divided in to three
personal account,real account and nominal account
personal account:Debit the receiver
credit the giver
real account :Debit what comes in
credit what goes out
nominal account:debit all expences and losses
credit all incomes and gains
| Is This Answer Correct ? | 8 Yes | 0 No |
Ther are three basic rules use in accounting
REAL ACCOUNTS Debit what comes in
Credit what goes out
NOMINAL ACCOUNTS Debit all losses & expenses
Credit all income andrevenues
PERSONAL ACCOUNTS Debit all receiver
Credti all giver
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / vaishali
in account three account are very importanat & there rules
as follows:
Real : 1-Debit what comes in
2-Credit what goes out
Personal : 1-Debit the giver
2-Credit the receiver
Nominal : 1-Debit Expences & Losses
2-Credit Income & Gain
| Is This Answer Correct ? | 8 Yes | 4 No |
Answer / mamatha. m
personal account: debit the receiver
credit the giver
real account: debit what comes in
credit what go out
nominal account: debit all expenses and losses
credit all incomes and gains
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / sudhan
REAL : DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
NOMINAL: DEBIT ALL EXPENSES AND LOSES
CREDIT ALL INCOMES AND GAINS
PERSONEL:DEBIT THE RECEIVER
CREDIT THE GIVER
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sarita pardeshi
Real A/c :- "Debit what comes in
Credit what goes out"
Nominal A/C :- "Debit all expenses & losses
Credit all incomes & gains"
Personal A/C :- "Debit the receiver
credit the giver"
| Is This Answer Correct ? | 0 Yes | 0 No |
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