Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Answer Posted / sam

Personal Account - Debit is receiver
Credit is giver
Nominal Account - Debit all the losses and expenses
Credit all the profit and gains
Real Account - Debit what comes in
Credit what goes out

Is This Answer Correct ?    1 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

With scan-based trading, are retail companies creating inventory at the point of sale or recording income/expense?

2500


Who to create a budget on software company

2187


Expand-------URM

2019


What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?

2977


what is the step in preparing the schedule of audit? can someone explain for me?

2178


My balance sheet is tallied. But there is a difference of RO 1 in cash flow. How to adjust ?

2083


Hello... i am looking jobs in investment banking, derivates and BRS and i apply nakuri,Timesjobs and monster. But i did not get the job. so if websites and ID. Please help me.. Thanking u...

2234


Comments Elements in accounting

1848


How to raise my credit score if I have 500 credit score?

2076


bill to addres? ship to addres? rimit to address?

5982


what is cost audit?

2164


what is transposition-cum-demat?

2557


why would you like to opt nbp

2100


We did promotion activity for X co that co is our client ( S Dr) which we sold tickets through our vendor through out north india ... But those vendors adjusted cash with thir bill and remaining balance we received ,, Ticket amount we paid from our co Bank A/c to our client (S Dr) .the amount is too huge so how can i sort out this in books of acconts ..............

2021


explain about mergers & aquisitions? asked on 30/7/09

2307