Rules of Debit and Credit or Golden Rules of accounting

Rules of Debit and Credit

uRules of Debit and Credit is also known as “Golden Rules” of accounting.

Personal A/c:-uDr. the receiver and                       
                        u Cr. the giver.

Real A/c:-       uDr. What comes in? and
                        uCr. What goes out?

Nominal A/c:- uDr. all expenses and losses.
                        uCr. All incomes and gains.