MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Categories of Cash Flow Statement

The basic rul...

Question

The basic rule of book-keeping, debit the receiver and credit the giver is applicable to ________________.

A

Nominal account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

B

Real account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

C

Personal account

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

D

Drawing account

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is A Personal account
The rule related to Personal account states debit the receiver and credit the giver. In other words, if a person receives something, receiver's account shall be debited and if a person gives something, giver's account shall be credited.

Suggest Corrections

thumbs-up

0

Similar questions

Q. The basic rule of book-keeping "Debit the receiver and credit the giver" is applicable to ______________.

Q. The rule of personal account states that Debit the receiver and Credit the giver.

Q. The basic rule of book-keeping "Debit what comes in and credit what goes out" is applicable to ____________.

Q. The basic rule of book-keeping "Debit all expenses and losses and credit all gains and incomes" is applicable to _________.

Q. "Debit the receiver and credit the giver" is the golden rule for which type of account?

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Introduction to Cash Flow Statement

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Categories of Cash Flow Statement

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon