Answer Posted / varsha

personal Account:- Debit the reciever
Credit the giver
Real Account:- Debit what comes in
Cedit what goes out
Nominal Account:-Debit all expenses and losses
Credit all incomes and gains

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How Many Types of Excise Duties?

1532


what are the certificates needed at the time of SBI clerical interview?

1572


What is Going Concern, What is Dual Entry , What is Business entity and what are the names of Stock exchanges and currency of some countries, stock market related questions, Exchange rates, Banks and other informations

1518


If someone knows about the test pattern of Junior executive accounts than please share.

1692


How can i get GR form (GR No.) for Exports ? please give me a link of website with steps ?

2173






The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me

1534


what is a Depository Participant?

2582


HOW TO PASTE MORE THAN 8 PO'S (PURCHASE ORDER) IN MM posting?

1553


Explain valuation methods of Normal and Abnormal loss

1601


how standard costing techniques are applied in manufacturing sectors

1728


How do you avoid loss situation

1485


what is the difference between planned and non planned budgt

1552


why gross profit transfering to profit & loss account

3598


How do you set the increment point in appraisal of salaries. It becomes so difficult for the employer to hear again and again about increment

1606


My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?

1531