What Are The Rules Of Double Entry Book Keeping For Various Types Of

1.	What Are The Rules Of Double Entry Book Keeping For Various Types Of Accounts?
Answer» FOLLOWING are the BASIC rules of DOUBLE entry book keeping for various types of accounts: Personal Account : Debit the Receiver, Credit the GIVER Real Account : Debit what comes in, Credit what goes out Nominal Account : Debit all the EXPENSES, Credit all the Incomes Following are the basic rules of double entry book keeping for various types of accounts: Personal Account : Debit the Receiver, Credit the Giver Real Account : Debit what comes in, Credit what goes out Nominal Account : Debit all the Expenses, Credit all the Incomes

What Are The Rules Of Double Entry Book Keeping For Various Types Of Accounts?

Answer»

FOLLOWING are the BASIC rules of DOUBLE entry book keeping for various types of accounts:

Personal Account : Debit the Receiver, Credit the GIVER

Real Account : Debit what comes in, Credit what goes out

Nominal Account : Debit all the EXPENSES, Credit all the Incomes

Following are the basic rules of double entry book keeping for various types of accounts:

Personal Account : Debit the Receiver, Credit the Giver

Real Account : Debit what comes in, Credit what goes out

Nominal Account : Debit all the Expenses, Credit all the Incomes