What are three golden rules of accounting?

AnswerBot
1y

The three golden rules of accounting are the basis of all accounting practices.

  • The first rule is the accounting equation: Assets = Liabilities + Equity

  • The second rule is the double-entry principle: Ev...read more

Khushi Jaiswal
12d
3mo 1. Debit is the Receiver and Credit is the Giver. 2 Debit which comes in and Credit which goes out. 3. Debits are losses, expenses etc, but Credits are incomes, gains etc.
vinod kumar
1mo
There are three types of accounting: 1. Personal account: Debit the receiver, credit the giver 2.Real account: Debit what comes in,credit what goes out 3.Nominal: Debit all expenses and losses, credit...read more
Madhavi Madhavi
1mo
The three golden rules of accounting are: Debit the receiver, credit the giver Debit what comes in, credit what goes out Debit all expenses and losses, credit all incomes and gains
Praveen Praveen
1mo
There are three types of account there are 1. Real a/c : debit what comes in credit what's goes out 2.personal a/c : debit the receiver credit the giver 3. Nominal a/c : debit all expenses and gains .
Anonymous
2mo
The three golden rules of accounting are: Debit the receiver, credit the giver Debit what comes in, credit what goes out Debit all expenses and losses, credit all incomes and gains
Anonymous
4mo
1. Debit is the Receiver and Credit is the Giver. 2 Debit which comes in and Credit which goes out. 3. Debits are losses, expenses etc, but Credits are incomes, gains etc.
Kavana G.B
5mo
Personal Real Nominal
Eipsa Patro
5mo
The three golden rules of accounting are 1. Debit all expenses and losses, credit all incomes and gains ( Nominal account) 2.Debit the receiver, credit the giver( personal account) 3.Debit what comes ...read more
Keerthana Anil Kumar
8mo
Thre are three golden rules of accounting: 1 REAL ACCOUNT 2 PERSONAL ACCOUNT 3 NOMINAL ACCOUNT this are the 3 golden rules for accounting.
P.Bhargavi
8mo
The 3 golden rules of Accounting are, 1)Personal a/c:Debit the reciever and Credit the giver. 2)Real a/c:Debit what comes in and credit what goes out. 3)Nominal a/c:Debit all expenses & losses and cre...read more
Prathamesh Joshi
8mo
The three golden rules of accounting are 1) debit all expenses and losses, credit all incomes and gains. 2) debit the receiver, credit the giver. 3) debit what comes in, credit what goes out. These ru...read more
Prathamesh Joshi
8mo
1) Personal A/c :- Debit the receiver and Credit the giver 2) Real A/c :- Debit what comes in and Credit was goes out 3) Nominal A/c :- Debit all expenses and losses and credit all incomes and gains
Anitha.v
9mo
1) Personal Account: Debit the recevier;Credit the given. 2)Real Account:Debit what comes in ;Credit what goes out.3)Nominal Account :Debit all expenses and losses;Credit all incomes and gains
Mahalakshmi S
9mo
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.
SUNIL SAINI
9mo
1) Personal account The receiver - debit The giver - credit 2) Real account What comes in - debit What goes out - credit 3) Nominal account Expenses & loss - debit Income & profit - credit
R.Gnanasoundarya
9mo
Golden rules: Personal Account: Debit the receiver Credit the giver Real Account: Debit was comes in Credit was goes out Nominal Account: Debit all expenses or loss Credit all income or gain
Piyushna Mhatre
9mo
Golden Rules of Accounting are 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 a/c expenses & losses credit a/c ...read more
Deepthi N
9mo
(1)Debit all expenses and losses, credit all incomes and gains. (2) debit the receiver, credit the giver, and (3) debit what comes in, credit what goes out.
Mohammed Tousif
10mo
1.Debit all expenses and loss,credit all incomes2.debit are the receivers,credit are the giver,3.debit what comes in business,credit what goes out of the business.
Anonymous
11mo
The three golden rules of accounting are (1) debit all expenses and losses, credit all incomes and gains, (2) debit the receiver, credit the giver, and (3) debit what comes in, credit what goes out.
Narasimha Damai
11mo
Debit what comes in - credit what goes out. 2) Credit the giver and Debit the Receiver. 3) Credit all income and debit all expenses.
GOPI M A
11mo
There are three types of accounting one of personal account. Real account. Naminal account. Personal account : debit receiver credit the giver . Real account:debit what comes in create what goes out.:...read more
DINESH KUMAR
1y
Three are types of golden accounting Personal account :Debit the receiver Credit the giver Real account: debit what comes in Credit what goes out Nominal account:debit all expenses Credit all gain and...read more
Anonymous
1y
Debit what comes in credit what goes out Credit the giver debit the receiver Credit all incomes debit all expenses
shrujana bandari
1y
Three types of account . 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 income...read more
Chaithrashree CC Chaithra
1y
Debit the receiver ,credit the given Debit what comes in ,credit what goes out Debit all expenses and losses ,credit all income and gain.
Anonymous
1y
Parsonal account, real account, and nominal account
Deepika Shetty
1y
There are 3 golden rules of accounting : 1.personal accounts : Debit the receiver credit the giver 2.Real accounts : Debit what comes in credit what goes out 3.Nominal accounts : Debit all expenses an...read more
PUNITHA N
1y
Personal account Real account Nominal account
Hemalatha
1y
Real, Personal and Nominal Account
BALSINGH K
1y
THERE ARE THREE TYPES 1 PERSONAL ACCOUNT A) DEBIT THE RECIVER B) CREDIT THE GIVER 2 REAL ACCOUNT A) DEBIT WHAT COME IN FIRM B) CREDIT WHAT GOES OUT FIRM 3 NOMINAL ACCOUNT A) DEBIT ALL EXPENESS AND LOS...read more
Ranjana Rathod
1y
1.personl account 2.real account 3.nominal account
Anonymous
1y
1.personl account 2.real account 3.nominal account
Kavana D
1y
There are three role in accounts 1. Personal account 2. Real account 3. Nominal account
Arun Kevin
1y
1.Personal Account:Debit the receiver, Credit the Giver. 2.Real Account: Debit what Comes in ,Credit what goes out in the business. 3.Nominal Account: Debit the all expenses and losses, Credit the All...read more
Anonymous
1y

Personal account real account nominal account asset + liability=equal

Reddyvari Bhargavi
1y

There are three goldan rouls

1.personal account

2.real account

3.naminal account

Reddyvari Bhargavi
1y

Accounting goldan rouls are three types there are

1.personal account

2.real account

3.naminal account

Reddyvari Bhargavi
1y

Accounting golden rouls are three types there are

1.personal account

2.real account

3.naninal account

A. Gayathri
1y

Debit what comes in

Credit what's goes out

M Drakshayani
1y

There are three types of Accounts they are

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 the expenses an...read more

MAHAMMAD AKBAR
1y

Personal Account

  • Debit is the receiver.

  • Credit is the giver.

Real Account

  • What comes in is debit.

  • What goes out is credit.

Nominal Account

  • All expenses and losses are debit.

  • All incomes and gains are cre...read more

AK Kutty
1y

Personal Account

Debit -The reciver,

Credit -The giver.

Real Account

Debit -whats coms in,

Credit -whats goes out.

Nominal Account

Debit -All expenses and losess,

Credit -All income and gains

Mahalakshmi K
1y

Golden rules for accounting are..

Personal A/c

Real A/c

Nominal A/c.

Ranjitha H S
1y

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.

sravjesus sravraj
1y

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

Priti Rathod
1y

Personal account

Debit the receiver

Credit the give

Real account

Debit what comes in

Credit what goes out

Nominal account

Debit all expenses and losses

Credit all incomes and gain

Ramya S
1y

Debit the reciver credit the giver

Debit what comes in

Credit what goes out

Debit all income and gains

Credit all expenses and loss

Anonymous
1y

These are all the golden rules

Personal

Real

Nominal

Personal: Debit

The receiver

Credit

The giver

Real: Debit

Whats comes in

Credit

What goes out

Nominal

Debit

All expenses and loses

Credit

All incomes and gain...read more

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