What is the 3 basic rules in accounting by account?
What is the 3 type in basic rules?
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Answer Posted / yogesh shinde
1.Personal Account : Debit The Receiver Credit The Giver
2.Real Account : Debit What comes in Credit What Goes
Out
3.Nominal Account : Debit all expenses and losses Credit
all gains and incomes
Examples Respectivesly:
1. Bank,Mr.Yogesh, Bajaj co.ltd,hospitals,etc.
2. Furniture, Machinary, Building, cash etc.
3. Dividend,commision , interst etc.
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