Answer Posted / swati
Accounts are classified into 3 types:
Nominal A/c : Debit all expenses and losses
Credit all incomes and gains.
Real A/c : Debit what comes in
Credit what goes out.
Personal A/c: Debit the receiver
Credit the giver.
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Respective sir I'm bcom 1st sem student. I have very interest in banking sector. I finished my pu with 88% how I can prepare for banking exam (especially po)yet I have no any practice but I hope if I get good guidance I can pass my banking exam so kindly inform me how I can prepare for po exams. My email address is- 98anjuma@gmail.com. I'm really counting second when I will get ans by u. Thank you sir
