Explain The Golden Rules Of Accounting?

1.	Explain The Golden Rules Of Accounting?
Answer» Real Account : DEBIT what comes in Credit what goes out NOMINAL Account : Debit all EXPENSES and lossesCredit 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 Nominal Account : Debit all expenses and lossesCredit 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.

Answer»

Real Account : DEBIT what comes in Credit what goes out

NOMINAL Account : Debit all EXPENSES and lossesCredit 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

Nominal Account : Debit all expenses and lossesCredit 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.

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