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

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 Receiver
Credit the giver

Real account- Debit what comes in Credit what goes out
Personal account-Debit the receiver and Credit the giver
Nominal Account- Debit all expenses and lossed Crdite all incomes ang gains..

This is the bascial principle ofAccounts. Accounts are classified in to 3 catergories Namely 1. Personal A/c- Debit the receiver and credit the giver. Eg:Bank A/c.
2.Real Account- debit what comes in and credit what goes out. Eg. cash.
3.Nominal Account - Debit all expenses & losses. credit all income & gains. Eg. salary, commission received.

Debit the receiver and Credit the giver

there are 3 golden rules in accounting.
personal a/c: dr. the receiver and cr. the giver.
real a/c: dr. what comes in and cr. what goes out.
nominal a/c: dr. all expenses and losses and cr. all incomes and gains.

Golden rules of Accounts,

1. Personal A/c: Debit the receiver
Credit the giver
2. Real A/c: Debit what comes In
Credit what goes out
3. Nominal A/c: Debit all expenses and loses
Credit: All incomes and Gains

ddggrhrh

There are Three Types of ACCOUNTS

1)REAL ACCOUNTS
Debit: The Receiver
Credit: The Giver

2)PERSONAL ACCOUNTS
Debit:What Comes in
Credit:What Goes out

3)NOMINAL ACCOUNTS
Debit:all Expenses and Lose
Credit: all Incomes and Revenues

This is called GOLDEN RULE of ACCOUNTS.

Accounts are classified in to 3 catagories and they are:-
1.Real Account
2.Personal account
3.Nominal Account
Rules for Real Account:Debit what comes in and credit what goes out
Rules for Personal Account: Debit the receiver and credit the giver
Rules for Nominal Account:Debit all expenses and losses and credit all Incomes and gains

Purchase a/c is the real a/c bucause it bal is carried forword in the form of closing stock

REAL A/C- Debit What comes in and Credit what goes out
PERSONAL A/C- Debit the receiver and Credit the giver
NOMINAL A/C- Debit all expenses &losses and Credit all incomes & gains

1)REAL ACCOUNTS
Debit: The Receiver
Credit: The Giver

2)PERSONAL ACCOUNTS
Debit:What Comes in
Credit:What Goes out

3)NOMINAL ACCOUNTS
Debit:all Expenses and Lose
Credit: all Incomes and Revenues

IN ACCOUNTING BASIC THERE ARE THREE GOLDEN RULES IN ACCOUNTING.
1.PERSONAL A/C
2.REAL A/C
3.NOMINAL A/C

RULES
* FOR PERSONAL A/C
DEBIT THE RECIVER
CRIDET THE GIVER
FOR REAL A/C
* DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
* FOR NOMINAL A/C
DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS

1) Personal A/c- Debit the receiver and credit the giver 2) Real A/c- Debit what comes in and cerdit what goes out 3) Nominal A/c- Debit all expenses & losses and credit all incomes & gains

1 Personal account
- Debit the receiver
- Credit the given
2 For real account
- Debit what comes in
- Credit what goes out
3 Nominal account
- Debit all the expeneses & loss
- Credit all the profit & gains

Above given formula & classification of account are called old modal of accounting system

Real Account: Dr. What Comes in
Cr. What Goes out.

Nominal Account: Dr. All Expenses and Losses
Cr. All Income and Revenue.

Personal Account: Dr. The Receiver
Cr. The Giver.

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

parsnal account- Dr the Recever Cr. the giver.
real account- Dr. whats comes in Cr. whts gose out.
Nomenal Account- Dr.All expenses Cr. all incomes and Revenues

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER
NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

IN ACCOUNTING BASIC THERE ARE THREE GOLDEN RULES IN ACCOUNTING--
Rules for Real Account:Debit what comes in and credit what goes out
Rules for Personal Account: Debit the receiver and credit the giver
Rules for Nominal Account:Debit all expenses and losses and credit all Incomes and gains

THE GOLDEN RULES OF ACCOUNTING ARE:
1)FOR REAL A/C.:
Debit what comes in
Credit what goes out

2)FOR PERSONAL A/C.:
Debit the receiver
Credit the giver

&

3)FOR NOMINAL A/C.:
Debit all expenses & losses
Credit all Incomes & gains

Real a/c :Debit what comes in
Credit what goes out

Personal a/c:Debit the reciever
Credit the giver

Nominal a/c: Debit all expenses & losses
Credit all incomes & gains

personal-debit the receiver
credit the giver
real-debit what comes in
credit what goes out
nominal-debit all expenses & losses
credit all incomes & gains

personal account
receiver dr
giver cr
nominal
expenses and loss dr
incomes and gians cr
real a/c
comes in dr
goes out cr

real a/c:debit what comes in
credit what goes out

personal a/c:debit the giver
credit the receiver

nominal a/c:debit all expenses&losses
credit all incomes&gains

yes

Three Basic Rules of Accounting
1. Personel A/c : Debit The Reciever and Credit Giver
e.g. Individual, Organisations or bank
2. Real A/c : Debit What Comes in Credit what goes out. e.g. Cash, Cheque/Bank, Goods, Assets
3. Nominal A/c : Debit The Expenses and losses and Credit the Incomes and Gains e.g. salary expense, Stationery, Rent

personal account
receiver dr
giver cr
nominal
expenses and loss dr
incomes and gians cr
real a/c
comes in dr
goes out cr

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