Answer Posted / e.sankar

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

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Paid office electricity charges Rs 15000/- and Ram partners residence electricity charges 1250 thr andhra bank cheque

1410


EXPAND_________SCM

1802


How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer

1220


Explain why the assets of a partnership are usually revalued before the admission of a new partner or the retirement of an existing partner

1482


What is inter-corporate deposits? and where it is shown in balance sheet?

3265






Expand------ARN

2033


Dear all We have purchases the dialer & loger with all equipement for setup new call center from simens ltd. i taken to in our books as plant & machinary under fixed assets .So we want the rate of deprecation. Please answered me .

3482


all of interview question about coop bank of oromia

750


Please send the clerical exam questions and answers to my mail Id pinky18.02.1985@gmail.com

1795


what is Rectification of Errors ?

1775


Please do tell me about the questions which are asked at BACS FINAL ROUND.

1700


plz tell me the finance questions asked in hsbc latest question asked in hsbc?

1537


Is commodities transaction tax a permissible business expenditure? Explain

1723


Expand---------NMOP

1604


what is the procedure for issuing th C form

2068