Answer / shankar singh

1. debit what comes in, credit what goes out.
2. debit the receiver, credit the giver.
3. debit all losses & expenses, credit all gains & incomes.

Answer / n.srinivas

the personal and impersonal accounts are called golden rules
of accounting.

personal account: Dr the receiver
Cr the giver

impersonal accounts are 1)real account 2)nominal accounts
real account : DR what comes in.
CR what goes out.

nominal account: DR all expenses and losses.
CR all incomes and gains.

Answer / naveen kumar ippili

Real Account : Debit what comes in
Credit what goes out

Nominal Account : Debit all expenses and losses
Credit all incomes and gains

Personal Account : Debit the giver
Credit the received

Answer / m.venky

there are 3 main golden rules in accounting. there are
1. personal account: giver is credit
receiver is debit

2. real account: what comes in - debit
what goes out - credit

3. nomincal account: all expences and losses - debit
all incomes and gains - credit

Answer / himanshu

there are mainly three rules which we called them golden
rules of accounts
1. Debit the debtor and credit the creditor
2. Debit what comes in and credit what goes out
3. Debit all losses and Expenses And Credit all Gain and
profit

Answer / manojjain1525

there are three types of accounts and these are called the
the golden rules of accounting -

personal acc - dr. the reciever and cr. the giver
nominal acc - dr. all exps/losses and cr. all incomes/gains
real acc - dr. wht comes in and cr. wht goes out

all above answers are rght but this is golden rule cum
types of accounting both.

manojjain1525@gmail.com

Answer / mohit

JUST TRY AND TRY YOU WILL RECIVE YOUR GOAL.

Answer / jay

I don't know please tall me

DHPL is a small sized firm manufacturing hand tools. It manufacturing plan is situated in Haryana. The company’s sales in the year ending on 31st March 2007 were Rs.1000 million (Rs.100 crore) on an asset base of Rs.650 million. The net profit of the company was Rs.76 million. The management of the company wants to improve profitability further. The required rate of return of the company is 14 percent. The company is currently considering an investment proposal. One is to expand its manufacturing capacity. The estimated cost of the new equipment is Rs.250 million. It is expected to have an economic life of 10 years. The accountant forecasts that net cash inflows would be Rs.45 million per annum for the first three years, Rs.68 million per annum from year four to year eight and for the remaining two years Rs.30million per annum. The plant can be sold for Rs.55 million at the end of its economic life. The company would need to raise debt to the extent of Rs.200 million. The company has the following options of borrowing Rs.200 million: a. The company can borrow funds from a nationalized bank at the interest rate of 14 percent for 10 years. It will be required to pay equal annual installment of interest and repayment of principal. b. A financial institution has offered to lend money to DHPL at 13.5 per annum but it needs to pay equated quarterly installment of interest and repayment of principal. Questions: 1. Should the company expand its capacity? Show the computation of NPV 2. What is the annual installment of bank loan? 3. Calculate the quarterly installments of the Financial Institution loan 4. Should the company borrow from the bank or from the financial institution?

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