answersLogoWhite

0


Best Answer

Personel a/c : Debit the receiver
Credit the giver

Real a/c : What comes in Debit
What goes out Credit

Nominal a/c : Debit all Loss and Expenses
Credit all Incomes and gains.

User Avatar

Wiki User

14y ago
This answer is:
User Avatar
More answers
User Avatar

Wiki User

11y ago

there are in all three golden rule

1. personal a\c

debit the reciever

credit the giver

2.real a\c

debit what comes in

credit what goes out

3.nominal a\c

debit all expenses and loses

credit all income and gain

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What is golden rule of account?
Write your answer...
Submit
Still have questions?
magnify glass
imp