Interested to Buy Any Domain ? << Click Here >> for more details...
Answer Posted / santu
personal a/c: debit the receiver, credit the giver.
real a/c: debit what comes in, credit what goes out.
nominal a/c:debit all incomes and expenses,credit all loses
and gains
| Is This Answer Correct ? | 1 Yes | 3 No |
Post New Answer View All Answers
What are control ledgers?
want to know the questions and answers frequently asking in banks at the time of interview for any cadre
A Lorry driver damaged shed shutter and we deduct 2000/- from his freight amount now what is the head for the Deducted amount?
What does the abbreviation dr mean in accounting?
what do you mean by Firm
my assessment says that I must post a dishonoured cheque in the general journal not a specialised journal how would I write that I know bank would be credited but what account would be debited???
What is fair value accounting?
kindly send the TDS tariff on Security expenses, rents, transport charges etc.,
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?
What was your average accounts receivable days outstanding/days sales outstanding?
explain me what steps would you take to increase revenue for this company?
Under the accrual basis of accounting, when revenues are reported in the accounting period?
Do you know what is liabilities and what all does include in current liabilities?
How do I record a prior year property tax refund on sale of asset due to overvaluation
