Answer / marta

Rule 1: Total asset= Total liab + owner's Equity

Rule 2: Debit: all exp & loss
Credit: all income & gain

Rule 3: Total of debit side

Answer / gaurav bhardwaj

Personal A/c
- Debit the Receiver
- Credit the Giver

Reeal A/c
- Debit what Comes In
- Credit what Goes Out

Nominal A/c
- Debit all Expenses and Losses
- Credit all Income and Gains

Answer / ashwini c

1 personal account
debit the receiver
credit the giver
2 nominal account
all the expenses and losses debit
all the income and gains also credited
3 real account
what comes in debit
what goes in credit

Answer / mahalakshmi.r

personal A/c : " Debit the receiver
credi the giver"


Real A/c : "Debit what comes into the business
credit what goes out of business"

Nominal A/c : " debit the expenses or losses
credit the incomes or gains"

Answer / javed

small diagram u can draw on ur page

A L P R E
dr + - - - +

cr - + + + -

A(asset)
l(liability)
p(propritership)
r(revenue,icome)
e(expense)

so increase in asset become debit
decrease in assent become crerdt...and so on

Answer / mangesh paple

1)Personal A/C
Debit the receiver
Credit the giver

2)Nominal A/C
Debit all expenses and losses
Credit all income and gains

3)Real A/C
Debit whats comes in
Credit whats goes out

Answer / shivaraj

Real A/C
Debit : What comes in
Credit :what goes out
Personal A/C
Debit : Receiver
Credit : Giver
Nominal A/C
Debit : All Expenses & Losess
Credit : All incones and gains

Answer / krishna r

Real A/c
Debit what comes in
Credit what goes out
Nominal A/c
Debit all expenses and losses
Credit all incomes and gains
Personal A/c
Debit the Giver
Cerdit the Receiver

Answer / ambrose massey

PERSONAL A/C : These accounts deal with transactions
relating to persons or an organization.It can be classified
as
1- Natural Persons : Mr.A Massey,Triveni & sons, etc
2- Artificial Persons : SBI, ITC Ltd, Royal calcutta golf
club etc.
3- Representative persons : Outstandig persons,Prepaid
Salary etc

REAL A/C : It is an accounts relating to assets and
properties.
Eg: Land,Machinery,Building,Plant,Cash,Bank,Stock,etc


NOMINAL A/C : It is an accounts relating to
expenses,losses, income and gain.
Eg: sales, purchase, salary, wages, rent, enterest, etc

Answer / rakesh kanti

debit the recevier and credit the giver
debit what comes in and credit what goes out
debit all expenses and losses and credit all income and
gain.

Dear all We have purchases the dialer & loger with all equipement for setup new call center from simens ltd. i taken to in our books as plant & machinary under fixed assets .So we want the rate of deprecation. Please answered me .

2 Answers  

Expand-------SCAN

0 Answers  

what is the meaning of interim period?

2 Answers  

A worker has time rate of Rs. 15/hr. He makes 720 units of a component (standard time 5 minutes/unit in a week of 48 hours). His total wages including Rowan bonus for the week is _____. A. Rs. 792; B. Rs. 820; C. Rs. 840; D. Rs. 864.

2 Answers  

what is difference between cash and profit?, and why netprofit comes under capital account?

3 Answers   ITC Infotech, Rolls Royce,

WHO ARE THE PROMOTERS?

4 Answers   India Infoline,

Paid a cheque for Rs 26500/- to Vishnu traders on behalf of Haritha trders for material supply

2 Answers  

what is Opening & Closing Balance?

4 Answers   EDS,

closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?

0 Answers   CBU,

in BRS. cash book and pass book has Dr. side and Cr. side If we issued a cheque where we have to show that amount in both.

3 Answers  

What does Pay-In and Pay-out mean?

1 Answers   Mellon,

what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?

0 Answers