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HI ALL PLS EXPLAIN IN BRIEF ABOUT DEBIT& CREDIT& ALSO GIVE
EXAMPLES FOR PERSONAL a/c,REAL a/c,NOMINAL a/c?
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Answer / jagadish
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 & losses & Credit all
incomes & gains
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / praveen
Debit & Credit are noting but Two Sides of a each & Every
Acoount in Double entry System.
e.g. Personal A/c- Dhiraj A/c,A/c in the Name of Co.etc
Real A/c- MachinaryA/c, Building A/c,
Nominal A/c- Nominal A/c are the accounts prepered for
nominal reason.e.g. postage A/C,Curiour A/c etc
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sudhakar
Incoming Benifit OR Receiving Benifit OR Benifit of the
Organitaion OR Incurred donot loss is called Debit
Out going Benifit OR Giving Benifit OR Quality of prosuct
to send out Organisation is called Credit
| Is This Answer Correct ? | 1 Yes | 0 No |
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sorry this is my personal. But i want to be share because i am confusing stage. This is not related any interview question first in my schooling i studied telugu mideam. After my B.com i joined CA but i didn't pass but i vasted 4yrs. After i did MBA still i am not fluentcy in english i learned 30% english if i will go interviews or not ?
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