difference b/w debit and credit

Answer Posted / abc.dinesh

The most fundamental concepts in accounting. We should
apply the accounting rule to define the term ie.
1.Personal a/c "Debit the Receiver Credit the Giver"
2.Real a/c " Debit what comes in Credit what goes out"
3.Nominal a/c "Debit all Expenses & Losses Credit all
incomes & gains.

Is This Answer Correct ?    17 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What are the different types of audits?

602


What is caro 2004?

708


HOW TO DO LEDGER SCRUTINY?

2454


Explain the difference between internal audit and external audit?

719


What are the reasons for getting audited?

620






what is the difference you can make by doing your course in the country of your choice

1743


Audit strategy based

2038


Would you consider alternative vacancies if so which:

4000


THIS QUESTION IS RELATED TO PAY ROLLS IF ANY BODY HAS THE FORMULAES IN EXCEL ABOUT PAYROLLS CALUCULATIONS PLS HELP ME OUT

1655


Define vouching?

629


What is an internal audit and what is the role of internal audit?

688


Why does a systems auditor need to use professional judgement when selecting audit procedures?

652


what audit procedure i can do in the share capital account of a company and why it have been apply?

3812


what is audit & activities of auditor?

2074


What do you find the most challenging in Accpuntant role

1973