Interested to Buy Any Domain ? << Click Here >> for more details...
what is meant by debit and credit
- 22 Answers
- 45924 Views
- DELL, i Tech, IBM, Wipro, I also Faced
- E-Mail Answers
Answer Posted / anagha r datar
As per Accounting Principles,
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 ? | 2 Yes | 2 No |
Post New Answer View All Answers
what are the questions commomly asked in reuter's interview.?
what are valuation accounts?
You placed an Order for some books but it was not delivered on time or the books were damaged, so are write Complaint Letter to the Shopkeeper about it.
Short answer on _______Amendment
what is Sums on Finalization of Accounts?
Short Answer on ________Ad-Valorem Duties
what is the meaning of Processing Vendor/Employee payments
Short Answer on _________Commerce
what is pre settlements and post settlements in Derivatives?
Under the accrual basis of accounting incomes are recognised at the time -------------------
What do you mean by Green-shoe option?
We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............
what is the difference between sap and sas?
Q A project cost Rs.6,00,000. It yields annually a profit of Rs.80,000. After depreciation of 12.5% p.a.but before tax of 50%.Calculate payback priod.
what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?
