Answer Posted / ramesh meka
personal a/c:debit the reciver
credit the giver
Real a/c:Debit what comes in
credit what goes out
Nominal a/c:Debit all expenses and losess
credit all incomes and gains.
| Is This Answer Correct ? | 40 Yes | 0 No |
Post New Answer View All Answers
what is the manual procedure for accounting
What is the Project Accounting in case of Real Estate or Construction Co`s ?
sir ,can effect on wbs element after wbs selected in t code : FBCJ for cash receipt?
hi, this is shanthi kumar(M.Com). i would like to attend interview in genpact company.please send finance interview questions and interview details. thank u very much
how much cash transaction to single transport company per day and also per year
Re: CST RATE IS 1 % IF C FORM IS RECEIVABLE. IF C FORM IS NOT RECEIVED FULL AMOUNT WHAT WILL BE THE RATE OF CST
What is the difference between inactive accounts and dormant account?
Do you know public accounting?
What is the difference between accumulated depreciation and depreciation expense?
Is buy or sale trade will impact on Nov? Yes/No Please explain.
List out some of the examples for liability accounts?
What is the difference between depreciation and amortization?
What is the difference in accounting and marketing and what is so different about them?
What is debit and credit note?
Explain the concept of responsibility accounting