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