Answer Posted / bikram

Personel a/c : Debit the receiver
Credit the giver

Real a/c : What comes in Debit
What goes out Credit

Nominal a/c : Debit all Loss and Expenses
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

What are the names of the codes which are needed for RTGS ? Payment and wire transfer respectively ?

1338


What are the steps involved in converting the trail balance of a foreign branch? Explain the steps involved in incorporating the foreign branch trail balance in HO books

1763


wht can u do for the growth of bhel?

1544


WHAT ARE EQUITY SECURITIES?

1606


can we get all interview questions with answers in tally 9 which mostly asked in MNC's.

1911






Short Answer on ______Budget

1544


How to maintain Purchase Orders ? Please explain by proper format.

1804


What is the basic difference between pledge, hypothication and mortgage????

1841


What is payment/receipt/period accruals?

1282


what is composition vat

1927


What are different types of reports made in tally

1807


Short Answer on ______________Import Trade

1432


what is mean by account concept,and how to perpare a full accounting concept journal,ledger,trail balance,and balance sheet how it will prepare in upto fainalaztion.

1559


What is Accounting on Computers

1572


If someone knows about the test pattern of Junior executive accounts than please share.

1703