Answer / mani

Personal A/c.: Debit - the Receiver, Credit - the Giver.


Real A/c.: Debit - What comes in, Credit - What goes out.


Nominal A/c.: Debit - All expenses and losses
Credit - All incomes and gains

Answer / vishwanath k

Personal A/c: Debit What Comes in Credit What goes out
Real A/c: Debit the Receiver And Credit the Giver
Nominal A/c: Debit expences and losses Credit incomes and
Gains

Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance

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