Answer / madhu poor

1.Personal Account : Debit The Receiver Credit The Giver
2.Real Account : Debit What comes in Credit What Goes
Out
3.Nominal Account : Debit all expenses and losses Credit
all gains and incomes

Examples Respectivesly:
1. Bank,Mr.Yogesh, Bajaj co.ltd, hospitals,etc.
2. Furniture, Machinary, Building, cash etc.
3. Dividend,commision , interst etc.

You are working in a Company but due to certain reasons you were not able to complete the work given to you on time, so to write a Letter of Apology to your Senior regarding it.

0 Answers   EDS,

---

What is Spin-off & spilts

0 Answers   BNP, Mellon,

---

what is brs

9 Answers  

---

In p&l account where does miscellaneous expenses comes

10 Answers  

---

what r financial derivatives

1 Answers   Cognizant,

---

How is NAV calculated?

3 Answers   Mellon,

---

What is CMA Data? Explain in detail.

14 Answers   Garware, KK Capital, MR Constructions, nsdl,

---

Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.

0 Answers   Genpact,

---

f your account is debited instead of credit, then what do you do? How do you correct your account?

1 Answers  

---

Raman site engineer joined on 1-1-2009 in the company with an agreed salary of Rs 20000/-. On the joining date he was given advance of Rs 50000/-agreeing for adeduction of Rs 7500/- for month from salary. Pass salary entry till March,and let me know the advance balance as on 1st April

3 Answers  

---

depreciation on plant and machinery send me journal entry

3 Answers  

---

What are the accounting principles or concepts.Expalin briefly.

6 Answers   Capital IQ, Genpact, Hyundai,

---