Answer / dharani

There are three types of accounts. Personal, Real, and
Nominal. For recording transactions and to categorise
whether it is debit or credit, golden rule is important.

Personal - Debit the Receiver & credit the giver.
Real - Debit what comes in & credit what goes out.
Nominal - debit all expenses and losses/credit all incomes
and gains.

Answer / adish jain

personal accounts ( dr. the receiver and cr the giver)
real a/cs ( dr. whats comes in and cr what goes out)
nominal a/cs (dr all expenses and cr all incomes

What is earning per sahre? how does it impact the share holder?

3 Answers   HP,

---

SALES BOOK IS A PART OF

1 Answers  

---

I had this interview in 09. The interviewer kept on asking this question. Why do you want to join JP Morgan chase? can any1 give me a good answer...???

2 Answers   IBM, JPMorgan Chase,

---

A Vat account debit balance reported in the year end trail balance would represent?

1 Answers  

---

Hi, I want to know whether PF Deduction is applicable if the CTC Is Rs.7000/-PM. We already deducted ESI On Gross Salary (1.75%). Whether PF Is applicable in this?Employee & Employer?

3 Answers  

---

Tell me about an invoice discrepancy you discovered and how you resolved it

0 Answers  

---

what is entry for salary paid in advance ?

31 Answers   Capital IQ,

---

what are hedge funds

1 Answers   Genpact,

---

What are the rules of Account?

7 Answers  

---

pls. tell me with detail (what is the rate of service tax and w.c.t. for a contractor who do civil work -make building and repairing. what is the format of generate a bill for (with material and labour both ) what entry should i pass in my accounts bokks. general and sales entry.

0 Answers  

---

what are the transactional entries have to be passed in Letter of credit

2 Answers   Optimus,

---

what is debit and credit?

1 Answers   Genpact, Infosys, Nainital Bank, Satyam,

---