Answer Posted / randhir kumar jha

PERSONAL ACCOUNT : Debit the Receiver

Credit the Giver

REAL ACCOUNT : Debit what comes in

Credit what goes out

NOMINAL ACCOUNT : Debit all expenses and losses

Credit all income and gains

Is This Answer Correct ?    0 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

differed tax liability

1478


Can I freeze my account?

1692


credit card entry in tally

989


what is ZBA hold & balance hold in banking?

1820


what is the use of special general ledger if the normal trasaction in usage.

1626






How you implemented a chargeback system?

1799


Office cash was stolen? state whether the following transcation is business transcation or non business transcation?

1492


Under the accrual basis of accounting incomes are recognised at the time -------------------

1615


Hello every one i'm going to interview for as an account profile company is construction works so plz guys help me about furthering interview question

1711


duties of bank finance manager

1783


Short Answer on ______Budget

1544


What is the New GL concept? how do you configure new GL a/c?

1577


1. what is debenture? 2.Why company will issue shares? 3. What is audit? 4. What is the role of finance department? 5. What is mutual fund?

1758


DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?

1634


What is the use of final account?

1405