Answer Posted / rithika

REAL A/C- DEBIT THE RECEIVER
CREDIT THE GIVER

REAL A/C- WHAT COMES IN DEBIT
WHAT GOES OUT CREDIT

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

we are run construction (residence & commercial)last year we are sale 4 flats (16 flats apartment) registration value example:10.75 * 4 = 43.00 but we are collected from customers 45.00 total so 45 - 43 = 2.00 this amount we are booking additional agreements work amount (income)because we are standing sub contractors expendeture side 2.00, we are service tax paid or not ?

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