Accountancy, asked by ayush3690, 1 year ago

What is the rule of real personal and nominal account

Answers

Answered by AkashMandal
4
Golden Rules of Accounting :

Personal Account Rule Says “Debit the Receiver, Credit the Giver”.

Real Account Rule Says “Debit What Comes in, Credit what goes out”.

Nominal Account Rule Says “Debit all expenses and losses, Credit all incomes and gains”.

Hope this helps!
Answered by asd121
0
Real
dr. what comes in,
cr. what goes out

nominal
dr the expense
cr.the receipt

personal.
dr the receiver
cr the giver
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