Answer Posted / lucky

real a/c : debit what come in
credit what goes out

nominal a/c :debit all expenses & loses
credit all profit & gain

personal a/c :debit the recevier
credit the giver

Is This Answer Correct ?    764 Yes 166 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

bank exam paper

1749


What do you mean Business

1813


what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching

1485


Process of the settlement cycle?

1618


Expand-----RTD

1589






cany anyone explaing what are the functions of an Account Officer/Manager?

1636


What is meant by Revenue Loss

1606


what is sales life cycle???

1508


In order to comply with the matching principle, adjustment entries are made at the preparation of ----------

1641


what is the use of special general ledger if the normal trasaction in usage.

1614


all of interview question about coop bank of oromia

736


Short Answer on ___________Finance Bill

1572


i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz

1447


EXPAND_________SEC

1773


HOW MANY ACCOUNTING STANDARDS ARE PREVAILING IN INDIA AS DECLARED BY ICAI

1684