Answer / visheshwer pratap singh

there are mainly 2 types of a/c
1 - PERSONAL A/C
2- IMPERSONAL A/C



1- personal a/c-
debit the reciever & credit the giver
2-IMPERSONAL A/C- there are two types of a/c

[A] real a/c-
debit what comes in & credit what goes out

[B] nominal a/c-

debit all losses and exp. & credit all incoms and
gains

Answer / s.anandhan

real account
nominal account
personal account

Answer / rikesh

Personal Account :
Debit : The Receiver
Credit : The Giver

Real Account :
Debit : What comes in
Credit: What goes out

Nominal Account :
Debit : The Expenses OR loss
Credit : The Income OR profit.

Answer / jaga

Personal:-
By The recevier a/c Dr
To The giver a/c Cr

Real:-
By What ever comes in a/c Dr
To What ever goes out a/c Cr

Nominal:-
By All expenses & losses a/c Dr
To All incomes & gains a/c Cr

Answer / hari jhanwar

1. Persnaol A/c Rule
Debit to receiver and Credit to giver.
2. Non-personal A/c rule
Debie to comes in and Credit to gose out.
3. Income & Expenditure A/c Rule
All Exp. and loss debited and All incone & profit
Credited.

Answer / hamza

Rule 1: Total asset= Total liab + owner's Equity

Rule 2: Debit: all exp & loss
Credit: all income & gain

Rule 3: Total of debit side = Total of credit side

Answer / saranya

3 accounts are there...
1.real account
2.nominal account
3.personal account

1.Real account

debit what comes in and credit what goes out

2.nominal account

debit all expenses and losse , credit all incomes and gains

3.personal account

debit the receiver and credit the giver

Answer / julietmary antony

THREE TYPES OF ACCOUNTS :

1) PERSONAL A/C

"DEBIT THE RECEIVER
CREDIT THE GIVER"

2)REAL A/C

"DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT"

3)NOMINAL A/C

"DEBIT ALL EXPENSES AND LOSSES
CREDIT ALL INCOME AND GAINS"


(THESE ARE GOLDEN RULES OF ACCOUNTING)

Answer / preeti

1) Personal Accounts-:
Debit the receivers & credit the givers.
ex: Aditya sold a washing machine to Ram for RS 8000.Then journel entery
will be-
RAM a/c Dr 500
to
Aditya a/c Cr 500

2) Real A/Cs-:
Debit what comes in & credit what goes out.
Ex: Ram sold furniture for cash in Rs 1o,000. Then journel entry will be
Cash A/C Dr 10,000
to
Furniture A/C Cr 10,000

3) Nominal A/Cs-:
Debit the all expenses & losses & Credit all incomes & gains.
Ex: Sita purchased a purse for Rs 500
Cash A/C Dr 500
to
Purse A/C Cr 500

Answer / manish kumar shukla

PERSONAL ACCOUNT:- DEBIT THE RECEIVER AND
CREDIT THE GIVER.

REAL ACCOUNT :- DEBIT WHAT COMES IN AND
CREDIT WHAT GOES OUT.

NOMINAL ACCOUNT :- ALL EXPENSES OR LOSSES ARE DEBITED
AND ALL THE INCOMES AND GAINES
ARE CREDITED

suppose i joined a company 8th April 2012, and my ctc is 300000 pa. then which tax employer deduct tds or pf and haw much tax deduct pm, where tax exemption limit is 2lac

2 Answers  

What is the TDS ratio & TDS chart plz provide me TDS amt & percentage & Ration my id - hansika.kk@gmail.com

3 Answers   Sasken, Shriram, Shriram Finance,

I customized the tax procedures, after posting normal g&l (f-02), i got an error, error is complete lineitem display, its popup error message num, how can i find the message error, whats the t-code

0 Answers  

What is the differance between Project report & CMA Data?

1 Answers  

what is the procedure to charge depreciation under provision method? please pass the journal entres showing provision method of depreciation.

1 Answers  

Sir what is IFUSL? Asked in bank loan form

1 Answers  

why inward bill register (IBR)not called as Bills Payable?

1 Answers  

calculate the closing stock: if opening stock- rs.2327620 , purchase -23519280, direct expenses-1335225, sale:- 24884412, direct income :-286371

7 Answers  

what is the rule of debit and credit. Plz detail answer. thankful to you

7 Answers  

What is the defination/meaning of Mercantile Accounting?

11 Answers  

Distinguish between liability and provisions?please explain it?

2 Answers  

Define Reserve & Provision?

4 Answers   Hindustan Copper Limited,