Answer Posted / arif

personal a\c:debit the receiver credit the giver.

nominal a\c: debit all the expences and losses,credit all the incomes and gains.

real a\c:debit what comes in credit what goes out.

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

define fixed assets

1445


what is Functional Specification in SAP FICO?

421


Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.

1584


Expand---------TDCB

1429


Expand-------ANC

1784






If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.

1646


Expand-------------BRTS

1520


Accounting related interview questions on ibm

937


how to prepare HSD statements in tally

2190


difference between vat 47 & vat 49

2703


Short answer on Amalgamation

1475


In what cases can Convertible bonds be considerred as derivatives?

1765


Nike,Inc. has developed a variable-overhead rate of $10 per machine hour,and estimates fixed overhead $250,000 for production up to 100,000 units per year. If the production manager estimates 9,000 machine hours for the production of 90,000 units next year, what are estimated variable-overhead costs?

1814


If i want to establish a company in which i want to manifacture and sell the Wine. So how many permissions i have to taken and who will issue those?

1679


shares journal entries

1600