Answer Posted / suraj bepari
There are three accounts
1. Personal
2. Real
3. Nominal
The three golden rules are
1. personal Account
Debit the receiver & Credit the giver
2. Real Account
Debit what comes in & credit what goes out
3. Nominal Account
Debit the expenses & Losses & Credit the Income & gain
In a short form & easy to understand ----
asset- increase -debit
asset - decrease - credit
liability-increase-credit
liability- decrease - debit
expense - increase - debit
expense - decrease - credit
income - increase - credit
income - decrease - debit
| Is This Answer Correct ? | 24 Yes | 7 No |
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sir i am working consruction company.we have 4 projects in varrious places.i enter attendance in payroll by project wise.if enter autofill salaries combained all projects.i want individual salaries base on attendance feeding method.because staff are changing in one project to another project offenly.please explain method
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