Answer Posted / anand prajapati

REAL ACCOUNTS A/C: DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

PERSONAL ACCOUNTS A/C: DEBIT THE RECEIVER
CREDIT THE GIVER

NOMINAL ACCOUNTS A/C: DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND GAINS

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to reconsile vendor accountswhat to add and subtract is there any standard form please get me answer

1220


How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?

2450


Expand---------BPCD

1548


what are the financial ratios that a manager see in accounting?

1503


What is meant by Revenue Loss

1624






Purchased goods worth @25000 at 10% trade discount from seven who paid 200/- as carriage on behalf of prabhakar

1630


Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed

1465


Short answer on Amalgamation

1482


What is the rate of basic excise duty and specific duty And I want to know that how can I see that vat rate in up ,excise duty and tds details Please tell me site plese

1571


EXPAND_________SCM

1801


what is the main difference between nse & bse operations

1541


As a fresher in oracle finance can a get a job in oracle finance n what type of questions can they ask me as a fresher...oracle finance...

1562


How can retify the errors in the trial balance

1729


what is participation right is it a debt? or not?

1677


ACCOUNTING CONCEPTS AND CONVENTIONS

1666