Apr 12 2007 05:28 PM 54155 66 What are the three golden rules of accounts sumedh nominal,personal,real swetlana bakshi May 18th, 2016 Rules of debit and credit under traditional approach: PERSONAL ACCOUNTS: Debit the receiver (of benefit), and credit the giver (of benefit). REAL ACCOUNTS: Debit what comes in, and credit what goes out. NOMINAL ACCOUNT: Debit all expenses and losses and credit all incomes and gains pradeep kumar Apr 14th, 2016 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 incomes and gains. Answer Question Select Best Answer
Apr 12 2007 05:28 PM 54155 66 What are the three golden rules of accounts sumedh nominal,personal,real swetlana bakshi May 18th, 2016 Rules of debit and credit under traditional approach: PERSONAL ACCOUNTS: Debit the receiver (of benefit), and credit the giver (of benefit). REAL ACCOUNTS: Debit what comes in, and credit what goes out. NOMINAL ACCOUNT: Debit all expenses and losses and credit all incomes and gains pradeep kumar Apr 14th, 2016 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 incomes and gains. Answer Question Select Best Answer
swetlana bakshi May 18th, 2016 Rules of debit and credit under traditional approach: PERSONAL ACCOUNTS: Debit the receiver (of benefit), and credit the giver (of benefit). REAL ACCOUNTS: Debit what comes in, and credit what goes out. NOMINAL ACCOUNT: Debit all expenses and losses and credit all incomes and gains
pradeep kumar Apr 14th, 2016 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 incomes and gains.
