What is the types of accounts & it's rules ?

Answer Posted / rakesh kumar

Accounts
1. Personal Account
Receiver the Debit
Giver the Credit

2. Real Account
Debit whats come in
Credit whats goes out

3. Nominal Account
All Expenses and losses to be Debited
All Incomes and Gains to be credited

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

You have joined company yesterday then you are Appling B1 visa today. why so urgent.

1708


what are Blue-Chip companies?

1666


Two months rent of Rs 25000/- was adjusted in Rental advance account at the time vacating office

1494


what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?

1587


2Create a program that accepts a number and output its equivalent in words (maximum input number is 3000). for example Enter a number: 1380 one thousand three hundred eighty

1489






what is mean by provision ? give me examples ..

1551


How can fictitious assets be measured or valued?

1598


What are direct income and indirect income

1566


how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..

1517


what is transposition-cum-demat?

2057


Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance

1507


Is WCT paid to be considered as overhead during costing in construction firm?

1520


EXPAND______________ICC

1746


i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............

2005


Expand---------OST

1735