when is real ,nominal, & personal a/c's used
Real Acoount:
Debit :What comes in
Credit:What goes out
Nominal Account:
Debit:All expenses and losses
Credit:All incomes and gains
Personal Account:
Debit: The receiver
Credit:The giver
These are the rules of real,nominal and the personal
accounts these accounts are used according to the situation
occured in the particular organisation,company or a firm.
| Is This Answer Correct ? | 15 Yes | 0 No |
expalin Revenue and profit
Tell me about how you have left a position better than you found it
What is General Ledger ? Why is it used
i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz
What is the difference between TIN no. and CST no.?
Expand---------NPTO
what is the document spliting?
what is depreciation, what isdouble entry,alltypes of assets,alltypes of liabilities
What is Spin-off & spilts
Dear Friends i want to know full details about TDS and VAT. So please guide me a website which having the details of TDS,VAT.
What is Goods Lost by Fire/Accident/Theft ?
can i have practical examples of AS-30