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  • Suraj Sophies Acadamy

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    Suraj Tamang
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    There are three types of accounts in tally: personal, real, and nominal accounts. Personal accounts debit the receiver and credit the giver. Real accounts debit what comes in and credit what goes out. Nominal accounts debit expenses and losses, and credit income and gains.

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    There are three types of accounts in tally: personal, real, and nominal accounts. Personal accounts debit the receiver and credit the giver. Real accounts debit what comes in and credit what goes out. Nominal accounts debit expenses and losses, and credit income and gains.

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    9 views1 page

    Suraj Sophies Acadamy

    Uploaded by

    Suraj Tamang
    There are three types of accounts in tally: personal, real, and nominal accounts. Personal accounts debit the receiver and credit the giver. Real accounts debit what comes in and credit what goes out. Nominal accounts debit expenses and losses, and credit income and gains.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    SOPHIES ACADAMY

    TALLY
    Some golden rules of tally
    There are three types of account
    a) Personal Account
    b) Real Account
    c) Nominal Account

    A. PERSONAL ACCOUNT
    RULES-
    DEBIT(Dr)-The Receiver
    CREDIT(Cr)-The Giver

    B. REAL ACCOUNT
    RULES-
    DEBIT(Dr)-What comes in
    CREDIT(Cr)-What goes out

    C. NOMINAL ACCOUNT
    RULES-
    DEBIT(Dr)-All Expenses and Losses
    CREDIT(Cr)-All Income and Gains

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