Answer Posted / neelesh goklani

real a/c- dabit what comes in
credit what goes out
nominal a/c-dabit all exp & loss
credit all income and rev
personal a/c -dabit the giver
credit the recevier

Is This Answer Correct ?    2 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Explain about Fluctuating Capital

2158


When is the profession tax applicable? Is there a liability on the employer to pay PT? What is the amt of PT in case salary exceed Rs. 10,000/- pm

1690


Which Invoice issued on Central Sale Commercial or Retail?

1589


distinguish between price rate and time rate?

1639


Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times

1845






A specially designed interview book on interviews for accounting Jobs . Pl send your mail addresses for despatch

3082


How Can Pass Credit Limit Entry If We Take Limit Of BANK I Maintain Of Account In Tally.ERP9 Than We Create Bank Ledger of Which Under

1373


Expand MNS

1719


The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me

1536


types of inventory

1774


Can u please give me example of bonds? is National savings certificate a Bond?

2376


How does the accounting treatment of a partner's salary differ from that of an employee's salary in a partnership?

1736


what are the type of cash flows?

2291


How can a shopkeeper maintain the daily data in tally

3751


why are you selecting for the profitbulity analysis costing based& active based

1641