Answer / r.ajay kumar

Classification of accountancy can be divide in to two types
they are 1.personal accounts and 2.impersonal accounts

Persons a/C's Bank account and other firms accounts are
treated as a personal accounts.personal accounts use only in
the sin gal Entry system.this system not given the full
information of accounts.this system prepare only personal a/C's

Impersonal accounts can be divide in to the two types they
are 1.Real account 2.Nominal account
principals
Real accounts what comes in
what goes out
Nominal accounts All assets,expenses and losses are Dr
All liabilities,incomes,profits/gains areCr

Answer / anil panchal

Personal Account

Debit the receiver &
Credit the giver

Real Account

Debit what comes in &
Credit what goes out

Nominal Account

Debit All expenses and all losses
Credit All Incomes & All Profits

Answer / m. arokiyaraj

Personal account:
Debit the receiver
Credit the giver

Real account:
Debit what comes in
Credit what goes out

Nominal account:
Debit all expenses and losses
Credit all incomes and gains

Answer / c.sasikuar

personal A/c : Debit the receiver
credit the giver,
Real a/c: Debit what come in
credit what goes out
Nominal a/c : All expenses & loss debit
All income & gain credit

Answer / raghav arora

Difference beteeen revenue expediture&capital
expediture.


2Repair of old MACHINRRY IS CAPITAL expediture OR revenue
expediture

Answer / rudrakumar

basic rules of accounting are we can divid in 3 types shown
as below,
Personal a/c : Dabit the receiver & credit the giver
For exple : Ramesh A/c Shriram & sons Co a/c

Real A/c : Dabit what comes in and credit What goes out
For Exple : Cash a/c, Furniture a/c,machinery a/c

Nominal A/c : Dabit all expenses and losses & Credit all
Incomes and gains
For Exple : Commision, Rent, taxes, frieght charges.

Answer / krishna

THERE ARE THREE BASIC RULES IN ACCOUNTING.

1] PERSONAL ACCOUNT :-
"DEBIT THE RECEIVER
CREDIT THE GIVER"

2] REAL ACCOUNT :-
"DEBIT WHAT COMES IN
CEDIT WHAT GOES OUT"

3] NOMINAL ACCOUNT :-
"DEBIT ALL EXPENSES&LOSSES
CEDIT ALL INCOMES&GAINS"

Answer / ganeshkumar

BASIC RULES ARE 3 TYPES
1. PERSONAL A/C.
DEBIT THE RECEVIER
CREDIT THE GIVER
2.REAL A/C
WHAT COMES IN DEBIT
WHAT GOES OU CREADIT
3.NOMINAL A/C
ALL EXPENCES AND LOSSES DEBIT
ALL INCOMES AND GAINS CREADIT

Answer / bhuvaneshwari.r

Personal A/C :- Debit the receiver
Credit the giver

Real A/C :- Debit what comes in
Credit what goes out


Nominal A/C :- Debit All Exp and Losses
Credit all Incomes and gains

Answer / ankit kumar tayal

Personal a/c: Debit the reciver
credit the giver

Real A/c : Debit wht coms in
Credit wht gose out

Nominal a/c : Debit all exp.& losses
Credit all Gain & income

how to create the trading a/c, profit & loss a/c & Balance sheet & What do u mean by bank reconcilation

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