Journal Entries | Rules of Debit and Credit | Golden Rules of Accounts | Class 11 Account

how to pass journal entries, Golden rules of accounts, rules of debit and credit class 11 chapter 6, journal entry class 11, Journal Entry Accounting,

tally, How to pass Journal entries, golden rule account, golden rule account in hindi, rules of debit and credit class 11 chapter 9, rules of debit and credit class 11 chapter 4, Real, Personal, Nominal Accounts and Golden Rules of Accounting,what is personal accounts , what is nominal accounts, what is real accounts, golden rules of accounting with journal entries in english, golden rules of journal entry, tally erp 9, epfo

#goldenrulesofaccounting

#rulesofdebitandcredit

#journalentry

#tally

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐅𝐮𝐧𝐝𝐚 𝐀𝐩𝐩 𝐚𝐭 𝐏𝐥𝐚𝐲𝐬𝐭𝐨𝐫𝐞

👇

https://bit.ly/AppAccount

𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐅𝐮𝐧𝐝𝐚 𝐀𝐩𝐩 𝐟𝐨𝐫 𝐢𝐨𝐬 Apple (𝐔𝐬𝐞 𝐨𝐫𝐠𝐚𝐧𝐢𝐬𝐚𝐭𝐢𝐨𝐧 𝐂𝐨𝐝𝐞 𝐅𝐔𝐍𝐃𝐀)

👇

https://apps.apple.com/in/app/myinstitute/id1472483563

Time Line Topic Wise

0:26 Type of Accounts

0:47 What is Real Account

3:49 Real Account Golden Rules of Accounts

6:32 What is Personal Account

10:39 Personal Account Golden Rules of Accounts

17:42 What is Nominal Account

19:53 Nominal Account Golden Rules of Accounts

✔️ Video ko Like Share Comment जरूर करें, और Channel को Subscribe करें

𝗦𝘂𝗯𝘀𝗰𝗿𝗶𝗯𝗲 👇

𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗟𝗶𝗻𝗸 👇

𝐉𝐨𝐮𝐫𝐧𝐚𝐥 𝐄𝐧𝐭𝐫𝐲 𝐎𝐧𝐞 𝐒𝐡𝐨𝐭👇

𝐂𝐚𝐬𝐡 𝐁𝐨𝐨𝐤 𝐎𝐧𝐞 𝐒𝐡𝐨𝐭👇

𝐋𝐞𝐝𝐠𝐞𝐫 𝐎𝐧𝐞 𝐒𝐡𝐨𝐭👇

𝗕𝗥𝗦 𝗢𝗻𝗲 𝗦𝗵𝗼𝘁👇

𝗧𝗿𝗶𝗮𝗹 𝗕𝗮𝗹𝗮𝗻𝗰𝗲 𝗢𝗻𝗲 𝗦𝗵𝗼𝘁👇

𝐂𝐥𝐚𝐬𝐬 𝟏𝟏 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭 👇

For Free Notes/PDF/ Test and All-Important stuff 👇

Telegram Channel Link is https://t.me/Class11AF

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐅𝐮𝐧𝐝𝐚 𝐀𝐩𝐩 𝐚𝐭 𝐏𝐥𝐚𝐲𝐬𝐭𝐨𝐫𝐞

👇

https://bit.ly/AppAccount

*𝐒𝐡𝐚𝐫𝐞, 𝐒𝐮𝐩𝐩𝐨𝐫𝐭, 𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞!!!* 👇

𝐒𝐮𝐛𝐬𝐜𝐫𝐢𝐛𝐞 : https://bit.ly/3LCjN4i

𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐅𝐮𝐧𝐝𝐚 𝐀𝐩𝐩 : https://bit.ly/AppAccount

𝐖𝐡𝐚𝐭𝐬𝐀𝐩𝐩 : https://bit.ly/3ON6kbR

𝐖𝐞𝐛𝐬𝐢𝐭𝐞: http://AccountsFunda.com

𝐓𝐞𝐥𝐞𝐠𝐫𝐚𝐦 : https://t.me/Class11AF

𝐈𝐧𝐬𝐭𝐚𝐠𝐫𝐚𝐦 : http://instagram.com/AccountsFundaindia

𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬 𝐑𝐞𝐯𝐢𝐞𝐰 : https://accountsfunda.com/reviews/

𝐂𝐥𝐚𝐬𝐬 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 : https://youtu.be/rjnZNZA0b7U

𝐅𝐮𝐥𝐥 𝐂𝐨𝐮𝐫𝐬𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞

Class 11 : https://accountsfunda.com/product/accounts-11th-class/

Real Account

• Represent the Assets and Properties Accounts:

• Classified into

1. Tangible Accounts: Land, Building, Machinery, Cash, Furniture,

2 Intangible Accounts: Goodwill, Patents, Trademark

• Generally, have a Debit balance only

• Golden Rules of Accounting for Real Account

- Debit: What’s comes in

-Credit: what’s goes out

• Example: Furniture Purchased for Cash Rs 5,000

Furniture Dr ( Coming in) 5,000

To Cash ( Going Out) 5,000

Personal Account:

• It Represent the person or Business (Firms, Proprietorship Firm, Company etc)

• Can be classified into three

1. Natural Person: Vaibhav, Neha

2. Artificial Person: Reliance Industries, Wipro Ltd , HDFC Bank

3. Representative Company: Outstanding Expense , Outstanding Salary , Prepaid Rent

• They can have Debit or Credit balance

• Golden Rules of Accounting for Personal Account

-Debit the Receiver

-Credit the Giver

• Example: Cash Given to Neha Rs3,000

• Neha Account Dr (Receiver of Cash) 3,000

To Cash (Going Out) 3,000

Nominal accounts

• Related to Income / Gain and Expense /Losses Account

• All kind of Income and All kind of Expense are classified as Nominal Account

• At the end of year, they are transferred to the Trading Account or Profit and Loss Account

• Golden Rules of Accounting for Real Account

-Debit: All Expense and Losses

-Credit: All Income and Gain

• Example: Salary Rs 12,000 Paid

Salary A/c Dr ( Expense ) 12,000

To Cash ( Going Out) 12,000