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Golden rules of accounting
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Answer Posted / prashant.railar
Personal A/c: Debit the receiver
Credit the Giver
Real A/C : Debit What come in
Credit What goes out
Nominal A/C : Debit All expense & loss
Credit All incomes & gains
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An applicant paid excess amount to the Government Office through a demand draft for a particular permission/license instead of actual fees. Later he went to government office and requested to return the previously submitted demand draft. Can he get back the Previously submitted demand draft(which was not adjusted into government account) duly paying he actual fee?
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