Answer Posted / yogesh kumar sen

REAL ACCOUNTS :- DEBIT WHAT COMES IN, CREDIT WHAT GOES OUT

PERSONAL ACCOUNTS :- DEBIT THE RECEIVER, CREDIT THE GIVER

NOMINAL ACCOUNTS :- DEBIT ALL EXPENSES AND LOSSES, CREDIT ALL INCOMES
AND REVENUES

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is joint venture?

1657


Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

1652


What is the due date for filing monthly & annual sales tax returns in karanataka

3224


what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?

1889


In OD Account How Many Interest Paid or Not? and second CC Account How Many Interest Paid or Not?

1618






i have need full detail of tds rules and forms submitted dovetails

1565


What goals do you have in your career

1938


diffrence between the profit center and business area

1663


intorduse your self ? what to say if iam fresher.

2092


Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.

1614


Three steps for correction in BRS?

1725


What is Provision for expenses?

1789


how to calculate stt

2175


How i pass the share holders capital entry in Tally? How to set this option in Tally?

3469


If someone knows about the test pattern of Junior executive accounts than please share.

1690