Answer Posted / babul kumar singh

Accounting is mainly classified under three categories
which are below,and For each and every transaction
there will be two aspects,ie,. Debit and credit.

Nominal Accounting: Debit all Expenses and Losses
Credit all Incomes and Gains
(Its related to incomes and expenditure (both Direct &
Indirect))

Personal Accounting: Debit the Receiver
Credit the Giver
(Its is related to person, firm etc....................)



Real Accounting: Debit What comes in
Credit what goes out.
(Its related to goods, cash etc.......................)

what is ZBA hold & balance hold in banking?

2288

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While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.

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please explain the uses of internate protocol address(ip add)?

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what is GL Balance

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respected sir,i am doing II b.com(CA) in a reputed college..i want to know about the ideas and ways to shine in future.i am doing ICWAI also sir.i want to know what shall i study more in this field to shine...

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how to entry in tally for other person check received

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How Many Types of Excise Duties?

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what is Calculation of Gross Profit Or Gross Loss?

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In order to comply with the matching principle, adjustment entries are made at the preparation of ----------

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Who to create a budget on software company

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after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...

2011

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Expand--------TAO

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How do the standards assist the users of financial report?

2316

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Harpithas due Rs 55000 was settled infull by taking Haris due Rs 12500 in adjustment Pass necessary entry

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