Answer Posted / navin jain

REAL ACCOUNTS DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT

NOMINAL ACCOUNTS DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOMES AND REVENUES

PERSONAL ACCOUNTS DEBIT THE RECEIVER
CREDIT THE GIVER

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

If its is declared by auditor that business is not going concern that what journal entry will be pass?

1475


Clasify capital

1539


What is the difference between payable and accrual

1490


I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.

1570


why the closing stock is not considered in drawing trail balance.... Are there any other items like the above

1939






please give me a last 10 years sbi clerk question and answer paper

1534


Please explain a Representative Personal Account.

1623


What do u mean by pass through expenses? give examples, how it will be accounted & billed?

5470


give the details of overheads which are not included in costing

1495


Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.

2691


CAN ANY OF U TELL ME WHAT QUESTION ACTUALLY ASK IN OPERATION ROUND IN BA CONUTNNIUM SOLUTION

1544


Define The Term Journal And Explain The Present Day Use?

1912


how to pass journal entry or where to show forein transaction reserv in Bal sheet. pls explain basic

1613


What is payment/receipt/period accruals?

1282


My name is Tasha actually I had put my file for Australia PR on basis of Hairdresser, and I have shown my qualification of 10th passed, but I done my B.Com with Accountancy, and presently I am working as Accountant,Now I want to put up my file for Australia Student is it possible, and my age is 36 yrs, I had already given my IELTS (Academic) and I have scored 6 bands, but its period has been expired,please give me some answer what to do next.

1863