What is the types of accounts & it's rules ?
Answer Posted / anusha s t
personal account:debit the receiver and credit the giver.
real account: debit what comes in and credit what goes out.
nominal account: debit the expenses and credit the incomes.
| Is This Answer Correct ? | 92 Yes | 11 No |
Post New Answer View All Answers
Please suggest the manual records needed to be maintained at NGO/CBO to record the transactions of accounts & inventory. Please also mention the need & purpose of each records/books
Expand MNS
What is Provision for expenses?
euro currency market
Short Answer on ______Transaction
Process of the settlement cycle?
what is GL Balance
Expand--------AA
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
The Analysis of flow of funds through an organization can be very useful to the managment. Elucidate
A Customer has a MNC which has a Unit in USA , All use Same Operation Chart of A/c but they also want local reporting for USA unit .What should they do ? Optons : Use Group chart of account & Group a/c no * Use Group a/c no & Alternative a/c no.2 Use Country Specific Chart of A/c
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
what are the different causes for discrepencybetween the balance of cash book and pass book
DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?
plz send me a solved paper on SBI of clerk post