235 Answers
235 Answers
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1)Debit the receiver credit the giver2 )debit what comes in credit what goes out 3 debit all expenses goes out credit all comes and gainsModal content
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Personal: Debit the receiver and credit the giver. Real: Debit what comes in credit what goes out. Nominal: Debit all expenses and losses credit all incomes and gains.Modal content
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Personal Accounts -Dr. the receiver & Cr. the giver.
Real Accounts -Dr. what comes in Cr. what goes out.
Nominal Accounts -Dr. all expense & Losses Cr. all Incomes & gains.Modal content
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Rules of Account: 1) Debit what comes in & Credit what goes out 2) Debit the Receiver & Credit the Giver 3) All expenses & losses Debited, All Income & gain Credited.Modal content
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Debit The Receiver, Credit The Giver, Debit What Comes In, Credit What Goes Out, Debit All Expenses And Losses, Credit All Incomes And GainsModal content
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Real accounting :- debit come in Credit goes out Personal accounting:- debit received Credit giver Nominal accounting:- all profit credit All less beditModal content
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real , personal and nminalModal content
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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 losses , & Credit all income & gain.Modal content
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Debit what comes in credit what goes out Debit the reciver credit the giver Debit all expenses and losses credit all incomes and gainsModal content
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1 . Personal account ( debit the receiver , credit the giver ) 2. Real account (what comes in debit , what goes out credit ) 3. Nominal account (debit all the expenses , credit all the incomes )Modal content
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According to Golden rules of accounting every transaction has a Debit and Credit aspect. 1. In Personal a/c : receiver is Debit and giver is Credit 2. In Real a/c : Debit is what comes in and Credit is what goes out 3. In Nominal a/c : Debit all expenses and losses And Credit all incomes and gainsModal content
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Debit what comes in credit what goes out Debit all expenses and credit all incomes and gains Debit the receiver and credit the giverModal content
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Debit the Receiver and Credit the Giver Debit What Comes In, Credit What Goes Out Debit All Expenses And Losses, Credit All Incomes And GainsModal content
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personal a/c:dr. the receiver cr. the giver real a/c:dr. what comes in cr. what goes out nominal a/c:dr. all expenses and losse cr. all incomes and gainsModal content
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Debit the receiver and credit the giver Debit what comes in and credit what goes out Debit all expenses and losses and credit all gains and incomesModal content
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purchase computer at-rs 10000
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c-
Modal content
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1. Personal Ac - Debit the receiver, credit the giver. 2. Real Ac - Debit what comes in, Credit what goes out. 3. Nominal Ac - Debit all expenses and losses, credit all incomes and gains.Modal content
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1. Debit The Receiver, Credit The Giver 2. Debit What Comes In, Credit What Goes Out 3. Debit All Expenses And Losses, Credit All Incomes And GainsModal content
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Personal accounts: Debit is the receiver Credit is the Giver. Real accounts: what comes in Debit What goes out credit. Nominal accounts: expences losses are debit Income profits are creditModal content
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Real Account are related from assets which owens by the businessman.
Rule -
Dr What comes in
Cr What goes out
Personal accounts are related from name of a natural person (like ram, mohit etc and artificial person (pnb, Reliance)
Rule-
Dr. the reciver
Cr. the giver
Nominal accounts are related from incomes & gain (recived rent, recived commission), Expenses and losses (rent paid, commission paid)
Rule -
Dr. All Expenses and Losses
Cr. All Income and GainModal content
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