Answer Posted / naveen
Real a/c means : where all assets,cash,bank are recorded
debit what comes in
credit what goes out
eg: furniture purchased
furniture a/c dr xxx
to cash a/c xxx
so here furniture is comming debited and cash going out credited
Is This Answer Correct ? | 13 Yes | 1 No |
Post New Answer View All Answers
Why is it necessary to prepare Asset Disposal Account?
Tell us what kind of work environment do you prefer?
What is accrual accounting?
Explain the meaning of long-term notes payable is or long term liabilities?
What is the diffrent job&project accounting?
Tell me what is “deposit in transit”?
What is account in accounting?
plz can some one tel me "The concept of stock holder's equity and paid in capital".
What is use of statistics in accounting?
what is your opinion regarding T.V shows on youth
What are source documents in accounting?
what is the nature of profit and loss approprition account.which entity prepare this.
How is scrap value calculated?
what is payment written
how to individual capital account.