Showing posts with label Golden Rules. Show all posts
Showing posts with label Golden Rules. Show all posts

Golden Rules of Accounting

It is classified in to three
1.REAL ACCOUNTS
Debit: The Receiver
Credit: The Giver
2.PERSONAL ACCOUNTS 
Debit:What Comes in 
Credit:What Goes out
3.NOMINAL ACCOUNTS
Debit:all Expenses and Lose 
Credit: all Incomes and Revenues