Question:
What are the golden rules of accounting?
Answer:
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 Source: CoolInterview.com
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
Source: CoolInterview.com
Answered by: Kavitha H B | Date: 12/29/2009
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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.. Source: CoolInterview.com
Answered by: Palaksha.s | Date: 1/13/2010
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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. Source: CoolInterview.com
Answered by: V.SUNDER | Date: 1/15/2010
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Debit the receiver and Credit the giver Source: CoolInterview.com
Answered by: k.Ganeshwari | Date: 2/13/2010
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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. Source: CoolInterview.com
Answered by: hyndavi | Date: 3/22/2010
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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 Source: CoolInterview.com
Answered by: Khazi Raza Mohammed | Date: 4/13/2010
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1)Real a/c :debit what comes in ,credit what goes out 2)Nominal a/c:debit all expenses and losses and credit all income a.c gains 3)Personal a/c:debit is the receiver and credit is the receiver Source: CoolInterview.com
Answered by: sridhar.p | Date: 5/11/2016
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There are mainly three Golden rules of Accounts, 1.Personal a/c:Debit the receiver Credit the giver. Real a/c:Debit what comes comes in 2.Credit what goes out. Nominal a/c:Debit all expenses and losses Credit all income and gain.
Source: CoolInterview.com
Answered by: Prateek Manas | Date: 6/7/2016
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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 Source: CoolInterview.com
Answered by: Subal Behera | Date: 6/13/2016
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Three golden rules personal a/c debit the receiver credit the giver real a/c debit what coms in credit what goes out nominal a/c debit all expenses and losses credit all gain and profit. Source: CoolInterview.com
Answered by: Mohd haroon | Date: 7/2/2016
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Personal A/C- Debit the Receiver & credit the Giver Real A/C- Debit what comes in & credit what goes out
Nominal A/C- Debit all expenses & credit all; Incomes & gains Source: CoolInterview.com
Answered by: kanchan pandey | Date: 7/30/2016
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