What comes in is to be debited, what goes out is to be credited?

Rules of Personal

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Rules of Real

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Rules of Nominal

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All of these

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Solution

The correct option is A Rules of Real
Accounts are classified as personal account, real account and nominal account. There are certain basic rule against each account. These are called golden rule of accountancy.

Rule for Real Account is:
Debit what comes in
Credit what goes out

Suggest Corrections

List I	List II
(Types of accounts)	(Principles)
A. Real Accounts	1. Debit the receiver Credit the giver
B. Nominal Accounts	2. Debit what comes in Credit what goes out
C. Personal Accounts	3. Debit all expenses and losses Credit all gains and incomes

List-I(Types of accounts)	List-II(Principles)
I. Real Accounts	(a) Debit the receiver credit the giver
II. Nominal Accounts	(b) Debit what comes in credit what goes out
III. Personal Accounts	(c) Debit all expenses,losses credit all incomes,gains