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Accounts

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(Querist)
23 October 2012 some time i get confused or do not understand how to do accounting entry for specifc accounting entry problem is there any solutuon for it please explian
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CA. Subhash Dangi

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CA. Subhash Dangi (Expert)
23 October 2012 Remember the Golden rules of basic accounting principles in case of Real, Nominal and personal accounting.

1. for personal accounts
Debit - the receiver
Credit- the giver

2. for real accounts
Debit- what comes in
Credit- what goes out

3. for nominal accounts
Debit- all expenses/losses
Credit- all incomes/ gains


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