Answer Posted / h.r. sreepada bhagi
Debits & Credits in Accounting are defined as Rules of
Accounting as below :
1.Personal A/c - Debit the Receiver & Credit the Giver.
2.Real A/c - Debit what comes in & Credit what goes out
3.Nominal A/c - Debit all expenses & losses & Credit all
Incomes & Gains.
Generally Debit amounts are entered on the left column &
credit on the right column in Accounts. In some softwares,
all entries are made in one column with Dr. or Cr. Sign or -
sign for credits.
Is This Answer Correct ? | 13 Yes | 4 No |
Post New Answer View All Answers
What is the difference between costing and cost accounting?
Tell me about a situation where you showed determination?
how to get a job in stock markets for MBA-FINANCE?
Why is it necessary to prepare Asset Disposal Account?
Do you know what is double-entry accounting? Explain with an example?
How to pass VAT retention entry on computer and Furniture
What else ? This is the question asked to me every where every time while facing interview. I want to know is this a real question for accounting? If yes haw or if no How? I am really confuse.
X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?
what is payment written
Explain me how much mathematics knowledge is necessary or required in accounting?
how do made in finalization
how to prepare for accontant examinations
How to prepare finalization accounts?
What is cost accountancy? What are the objects of cost accountancy?
in Tally what is cost cenre,cost categori and why we need to prepare them