Answer Posted / mainak bhattacharya

Real Account: A)What comes in debit
B)what goes out credit

Personal Account: A)Reciver is debit
B)Giver is credit

Nominal Account: A)Expenses and Losses is debit
B)Income and Revenue is credit

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

how to calculate share values of a company.

1677


Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai

1512


Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them

2187


We are working as Merchant Exporter. My Question is can we Sale the products against 'H' Form to the Exporter after purchasing the material against 'C' Form? Or only Manufacturer can make sale against 'H' Form.

1620


can anyone provide me the Balance Sheet Items & P & L Items with Accounting Heads with Accounting codes?

1756






what do u mean by single error and double error in accointing errors?

1709


what is the procedure of interview question in genpact

1783


What is the important of cash in a business unit

1523


give the examples of Error of Duplication?and Error of compensatin? with entries

4013


how can make configration related with electronic bank statment and how can i upload bank statment to system

1582


Please share different type of Z report

936


euro currency market

1482


what is transposition-cum-demat?

2058


What is cash clearing account

1411


what do u mean by arrear basic or arrear hra?

3291