Answer Posted / anand

GOLDEN RULES OF ACCOUNTS:-

1. PERSONAL ACCOUNT = RECEIVER .....dr
GIVER .....cr.

2. REAL ACCOUNT = COMES IN ....DR
GOES OUT .....CR

3.NOMINAL ACCOUNT = EXPENSES & LOSSES......DR
INCOMES & GAIN......CR

notes; acording to bank credit means DEPOSITS.
" " debits means WITHDRAW.

BANKS EARN PROFIT THROUGH STOCK MARKETS,USES PUBLIC DEPOSITS
AS SAVING ACCOUNT ,CURRENT ACCOUNT,FIXED DEPOSITS.IT IS
FALLOW THE RULES OF OLD MONEY AND NEW MONEY ROTATED IN MARKETS.

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