basic rules in accounting

Answer Posted / rangasamy

personel accout
debit = receviver
credit = give
real account
debit = what comesin
credit what goes out
nominal account
debit = expenses / looss
credit = income /gain

Is This Answer Correct ?    39 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is Exposure ?

1503


what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?

1670


Please explain a Representative Personal Account.

1594


is anybody attended interview in ernst&young for EMS PROCESS , pls let me know abt the written test and what type of report writing

1717


Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.

1608






What is the procedure to take loan

1683


payroll calculation procedure explain completely?

2034


what is finance what is bpo why do u want join a BPO types of process in BPO Company's

1602


plz send me the accounting questions and answers of bank of america.

1435


Received an order from Babu for the supply of goods Rs.200/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?

1458


In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.

1514


whst is detailed information aboutaccounting standards 20to 29

1640


EXPAND_________TOEFEL

1669


credit card entry in tally

976


impairment & Amortisation Means

1512