HI ALL PLS EXPLAIN IN BRIEF ABOUT DEBIT& CREDIT& ALSO GIVE EXAMPLES FO

HI ALL PLS EXPLAIN IN BRIEF ABOUT DEBIT& CREDIT& ALSO GIVE
EXAMPLES FOR PERSONAL a/c,REAL a/c,NOMINAL a/c?

Question Posted / nazeer

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HI ALL PLS EXPLAIN IN BRIEF ABOUT DEBIT& CREDIT& ALSO GIVE EXAMPLES FOR PERSONAL a/c,REAL ..

Answer / jagadish

personal a/c - Debit the receiver & credit the giver
Real a/c - Debit what comes in & credit what goes out
Nominal a/c - Debit all expenses & losses & Credit all
incomes & gains

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HI ALL PLS EXPLAIN IN BRIEF ABOUT DEBIT& CREDIT& ALSO GIVE EXAMPLES FOR PERSONAL a/c,REAL ..

Answer / praveen

Debit & Credit are noting but Two Sides of a each & Every
Acoount in Double entry System.

e.g. Personal A/c- Dhiraj A/c,A/c in the Name of Co.etc
Real A/c- MachinaryA/c, Building A/c,
Nominal A/c- Nominal A/c are the accounts prepered for
nominal reason.e.g. postage A/C,Curiour A/c etc

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HI ALL PLS EXPLAIN IN BRIEF ABOUT DEBIT& CREDIT& ALSO GIVE EXAMPLES FOR PERSONAL a/c,REAL ..

Answer / sudhakar

Incoming Benifit OR Receiving Benifit OR Benifit of the
Organitaion OR Incurred donot loss is called Debit
Out going Benifit OR Giving Benifit OR Quality of prosuct
to send out Organisation is called Credit

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