Interested to Buy Any Domain ? << Click Here >> for more details...
What are the 3 Basic Rules in Accounting.
- 167 Answers
- 597970 Views
- AAA, ABC, Accenture, Amba Research, Birla Sun Life, CTS, CWDF, DELL, Franklin Templeton, iGate, IHP, JPMorgan Chase, Lexi Pens, Mastek, Trinity Technologies, VC Engineering, I also Faced
- E-Mail Answers
Answer Posted / vemula sai kiran
This is universal question of accontancy to be known by
every accountant.
PERSONAL ACCOUNT:IT DEAL WITH PERSON AND ANY THING.(TRADING A/C)
DEBIT THE RECEIVER,..
CREDIT THE GIVER.
REAL ACCOUNT:IT DEALS WITH CASH,BANK,THINGS..etc(PROFIT AND
LOSS A/C)
DEBIT WHAT COMES IN,..
CREDIT WHAT GOES OUT
NOMINAL ACCOUNT:IT DEALS WITH EXPENSES, INCOME AND GAINS
FROM BUSSINESS.
DEBIT ALL EXPENSEN AND LOSSES,..
CREDIT ALL INCOMES AND GAINS.
| Is This Answer Correct ? | 13 Yes | 0 No |
Post New Answer View All Answers
Expand-------IETF
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
intorduse your self ? what to say if iam fresher.
HOW I CAN PREPARE A BALANCE SHEET OF A COMPANY ?
what is circuit filter?
what are responsibilities of an accountant in a company?
Whatis new GL & Odd G.L What is the difference between these two.
recently release the 6.0 version not succede in the market why?
which Electrical items is Exciseible
i want know how to calculate it in payroll please mail me the percentages using there ?
how to do the recurring entries or steps to follow that
when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker
what is the main link between the income statement and the balance sheet?
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
WHAT TYPES OF ESSAYS ARE GIVING IN BANK OF AMERICA? CAN ANY ONE HELP ME
