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What are the "Three Golden rules of Accounting" ?

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Question ajoutée par Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants
Date de publication: 2015/07/13
Ahmed kandil
par Ahmed kandil , Cost Controller , Battour Holding Cpompany

Agree with all answers thank you

CHASTITY ROPAFADZO CHIBVONGODZE
par CHASTITY ROPAFADZO CHIBVONGODZE , Credit Controller , Telecel Zimbabwe

Personal accounts --> Debit the benefit receiver, credit the benefit giver. Real accounts --> Debit what comes in, credit what goes out. Nominal Accounts --> Debit all expenses and losses, credit all incomes and gains.

mehfooz alam khan habib khan
par mehfooz alam khan habib khan , Security Incharge , Landmark Group (Emax)

Yes in personal a/c recieves is debit and gives credit, in real a/canything comes in debit nd anything goes out is credit and in nominal a/c expences losses are debit and incomes gains are credit. These are golden rules of accounting.

Mohammed Asim Nehal
par Mohammed Asim Nehal , M Asim Nehal & Co , Chartered Accountants

Hint : Real , Personal and Nominal Accounts

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