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what is three accounting rule?
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Answer / sumancwa
These 3 principles are called Golden Principles of Accounting.
1. PERSONAL ACCOUNT:
Debit the Receiver and Credit the Giver.
2. REAL ACCOUNT:
Debit what come In and Credit What Goes Out.
3. NOMINAL ACCOUNT:
Debit the Expenses and Losses and Credit the Gains
and Profits
| Is This Answer Correct ? | 32 Yes | 0 No |
Answer / mandar bose
1)Debit all expenses & losses, credit all income & gains
2)Debit what comes in , credit what goes out
3)Debit the receiver , credit the giver
| Is This Answer Correct ? | 20 Yes | 2 No |
Answer / sirajudeen. m
Personal account
----------------
debit the receiver
credit the giver
Real account
-------------
debit what comes in
credit what goes out
Nominal account
---------------
debit all expenses and losses
credit all incomes and gains
| Is This Answer Correct ? | 14 Yes | 0 No |
Answer / pankaj sharma
PERSONAL ACCOUNT:
debit the receiver
credit the giver
Nominal account
---------------
debit all expenses and losses
credit all incomes and gains
REAL ACCOUNT:
Debit what come In and Credit What Goes Out
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / s.tamil selvan
GOLDEN ACCOUNTING RULES:
PERSONAL ACCOUNT:
Debit the Receiver
credit the giver
REAL ACCOUNT:
Debit what comes in
Credit what goes out
NOMINAL ACCOUNT
Debit all expenses and loses
Credit and incomes and gains
| Is This Answer Correct ? | 3 Yes | 0 No |
Answer / swathi
Accounts is classified into 3 rules
Debit Credit
-------- --------
Personal Account: Receiver Giver
Real Account : What comes in What goes out
Nominal Account : All expenses and All incomes and
losses gains
| Is This Answer Correct ? | 2 Yes | 1 No |
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