Golden rules of Accounting to pass journal entries.
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In this article we will tell you about Golden rules of accounting. If any student understand these rules they can easily pass entries and will get marks in their Accounting exams. These rules helps you to build command on accounting exam, every type of questions where journal entry ask you will easily solve accounting questions with the help of Golden rules. Golden rules of accounting divided in three parts namely Personal rule, Real rule, and Nominal rule. For better understanding image given below have a look.
Let's discuss each one by one
1. Personal Account Dr. The receiver and Credit the giver.
2. Real Account Dr. What's comes in and Credit what's goes out.
3. Nominal Account Dr. All loss and expenses and Credit all gains and incomes.
For better understanding we create a Video on this topic who will helps you to understand this concept have a look.
https://youtu.be/BGlQif0F6Z4
Was this article helpful for you? Tell us in comment box and don't forget to follow us. All the best for your exams.
Let's discuss each one by one
1. Personal Account Dr. The receiver and Credit the giver.
2. Real Account Dr. What's comes in and Credit what's goes out.
3. Nominal Account Dr. All loss and expenses and Credit all gains and incomes.
For better understanding we create a Video on this topic who will helps you to understand this concept have a look.
https://youtu.be/BGlQif0F6Z4
Was this article helpful for you? Tell us in comment box and don't forget to follow us. All the best for your exams.
