Answer Posted / peyus

1) PERSONAL ACCOUNT
DEBIT THE RECEIVER (S.Creditor, Party)
CREDIT THE GIVER (Cash or Bank)

2) REAL ACCOUNT
DEBIT WHAT COMES IN - (Cash/Cheque, Purchases, Receipts)
CREDIT WHAT GOES OUT - (Payments, Cash/Cheque, Sales)

3) NOMINAL ACCOUNT
DEBIT ALL EXPENSE AND LOSS -(Salary,commission,rent,etc)
CREDIT ALL INCOME AND GAINS - (Interest recieved,
commission received, royalty received, etc)

Tell me as a higher position in the accounting department, you will be responsible for overseeing other employees' accounts. What experience do you have in leadership and management that will prepare you for this responsibility?

930

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If i pay for general expense (and party provide me gst details) through credit card then how i can enter party details

1342

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if no production is take place at the start of a process in royalty accounting what will be the accounting procedure for that.

1929

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How you can adjust entries into account?

1134

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How to pass journal entry for payment of 20 % of outstanding income tax demand of AY 14- 15 of an company in the AY 18-19.

1482

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i had taken one year gap in completing my graduation bcom should it be considered as backlogs i dont have any kt or anything else i have passed all exam in one trial

2004

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Do you know company's payable cycle?

1047

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what is different between leaser of subsidary book and journal?

1917

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Under what type of account do the unearned revenues fall?

969

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what is current rate of excies duty for a manufacturing company?

2031

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Explain me some of the examples for liability accounts?

993

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What are the steps to take before you approve an invoice for payment?

1107

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Explain compound journal entry.

993

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What qualifications have you achieved?

1005

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Capital reserve is - a) real account b) nominal account c) personal account d) none of them

876

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