chandu1401

 Profile Answers by chandu1401 

• Oct 23rd, 2009

 

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.

Siddu

• Dec 11th, 2016

 

Golden rules of accounts:
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 and losses
Credit all incomes and gains.

Chandramohanreddy

• Jun 12th, 2017

 

1.Personal account: The account which is starts with names and artificial concerns are called as personal account
debit is the receiver
credit is the giver

2.Real account account:Inflows and outflows of business are called as Real account
Debit what comes in
Credit what goes out

3.Nominal account: Nominal account which is used to preparing income and expenditure account
Debit All expenses and losses
Credit all incomes and gains

Victor Samuel

• Jul 6th, 2017

 

Golden rules of accounts:
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 and losses
Credit all incomes and gains.