Answer Posted / prashant.railar

Personal A/c: Debit the receiver
Credit the Giver

Real A/C : Debit What come in
Credit What goes out

Nominal A/C : Debit All expense & loss
Credit All incomes & gains

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Short answer on____________Assessment Year

1345


Why you want to leave your present job while they offer you with good offer?

1500


What is cash clearing account

1398


where does the closing stock appears in the trial balance?

1501


which are company offering jobs in PORTFOLIO MANAGEMENT ?

1772






discounted our own note 60-18% for 4,500 note. the proceeds will be directly credited to bank account. what is the entry of this?

1470


hi, what type of questions are asked in capital iq interview .plz let me know. thanks... venkat...

2061


Pls Explain Accounting Standered 1,3,11,29

1865


whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account

1852


What do mean by Computerization of accounts

2104


After Posting the Document in SAP FICO Using the sort key then where we can see the sort key in SAP

1919


How do we return the loan in equal installments with interest in tally

1659


What part can management policy play in the analysis of cost behaviour?

1641


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

1531


Workers name-Madhu Saha.Pay structure,basic-5850,HRA-1350,CCA-900,TRAV.ALLOW.900.DEDUCTION-PF-702.ESI-150,P.TAX-90.WHAT IS THE EXTRACT IN PF,ESI,IN BALANCE SHEET & sALARY IN p/l A/C . iS IT POSSIBLE THAT PERSONS'S NAME SHOUL COME I P/L

1989