Answer Posted / santu
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 and Losses
credit All Gains and incomes
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
what is difference among credit, loan, advance
What does the abbreviation dr mean in accounting?
HI, i was given only 1st round and i made it through the first round, then was sent for the final HR round.In the HR round the HR manager dint ask me a single question of the related job,all he asked was as following:- i)what are your salary Expectations ii)are you ok to do night shifts.then he thanked me and said he will let me know by 2 days,when i asked him for any feedbacks and suggestions he said that he will let me know only after 2 days.SO please help me what shall i expect from this one of a kind interview. Many thanks in advance.
what are the steps for the payment cycle of the firm or company?
What is Normal Loss? and What is the reason for Debiting such Loss in P&L account and also Crediting in Trading Account? and how the Loss should be accounted?
As you know executive accounting?
Tell me what are the activities that includes in cash flow statement?
What is accounting for plant assets?
what is the manual procedure for accounting
How to post advance paid to a supplier in oracle jd edwards
can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.
Tell me what is the equation for acid-test ratio in accounting?
what is account reconcillation
What is dd and a in oil and gas accounting?
