How to remember the principles of Accounting ?

Question

How can we remember the Accounting Principles ?

Comments

We know Types of  Account are

1. Personal Account

2. Real Account

3.Nominal Account

We can remember the principle of Accounting as follows

1. Personal - Doctor Right(DR) Debit the Receiver  - Captain Gomez (CG) Credit the Giver

2. Real - Door - In -DI ( Debit What Comes In) Come Out- CO (Credit What Goes Out)

3.Nominal - DEL (Debit All Expenses and Losses, We can remember the Brand DELL) CIG (Credit All Incomes and Gains - We can remember that it is not to DIG something, but to CIG.

Answer 1

We know Types of  Account are

1. Personal Account

2. Real Account

3.Nominal Account

We can remember the principle of Accounting as follows

1. Personal - Doctor Right(DR) Debit the Receiver  - Captain Gomez (CG) Credit the Giver

2. Real - Door - In -DI ( Debit What Comes In) Come Out- CO (Credit What Goes Out)

3.Nominal - DEL (Debit All Expenses and Losses, We can remember the Brand DELL) CIG (Credit All Incomes and Gains - We can remember that it is not to DIG something, but to CIG.