what is the rule of debit and credit.
Plz detail answer.
thankful to you
- 7 Answers
- 8779 Views
- I also Faced
- E-Mail Answers
Answer Posted / priyanka
RULES OF DEBIT AND CREDIT
1. IN CASE OF PERSONAL ACCOUNT(these are the accounts in
the names of persons eg K SONS & COMPANY)
DR THE RECEIVER
CR THE GIVER
2. IN CASE OF REAL ACCOUNT(these account are based on
amount which we get by selling or purchase of fixed asset)
DR WHAT COMES IN
CR WHAT GOES OUT
3. IN CASE OF NOMINAL ACCOUNT(these account based on
expenses eg.telephone expenses etc)
DR ALL EXPENSES AND LOSSES
CR ALL INCOMES AND GAINS
| Is This Answer Correct ? | 4 Yes | 1 No |
Post New Answer View All Answers
what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
im preparing for the sbi clerical post please send me the solved questions.
WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME
What is the Finalization of Accounts?
Dear All, myself B.k Singh graduate with B.Com and PGDBM - Finance, I was worked with Service Company for 6 yrs.Now past 2yrs working with Real Estate,moreover I want to some course short term, plz guide me.
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.
How do you manage the sales account in tally
EXPAND___________LNG
Placed an order with Mani for supply of goods worth Rs.5000/-. state whether the the following transcation is business transcation or non business transcation? with reson or explaination?
why you want to join the banking and finance industry?
company accounts introduction?
what is the cost and financial accounting? what is double entry system ?
What is meant for GR form, which is used in export of goods without of payment of duty ? For what purpose we use it ? Should merchandise exporter use it ?
Please do tell me about the questions which are asked at BACS FINAL ROUND.
