Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

principles of accounts

Answer Posted / srikanth

1.personal account---debit the receiver credit the giver
2.real account-------debit what comes in credit what goes out
3.nominal account----debit all expenses and losses credit
all incomes and gains

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what happens to each of the three primary financial statements when capital expenditures decrease?

2070


Received credit note for Rs 3500 towards transport charges on the goods supplied from Vinod traders. The transport charges were already paid at the time of delivery. Pass entries at the time of payment of transport and for credit note

2101


cash sales and credit sales both are asset or liability?

1457


PO Amount is 100000 Jv is Purpose A/c To Party A/c First payment is 10000 TDs is 1000 What is the Payment enter in tally

2220


difference between office expense and miscelleanous expense with some examples

2100


At Present Situation in sensex market is low, It converts the whole human being life into the depth. When and how it will change? Is it possible?

2080


what are responsibilities of an accountant in a company?

2057


what is the scenario of multi-org setup?

2386


How can we display last five years sales in tally

2006


how do you prepare the mis reports and prepare the one example report stating your accounts department proforma

2061


who introduces the single entry format?

1977


Who to create a budget on software company

2143


How do you handle lack of direction or working in chaos

2049


after payment of interest of a loan account by using credit note voucher in tally 9........don't anyone thinks that we have to adjust the cash account by passing cr entry on journal for interest payment...

2018


Difference between nonoperating expentiture and non cash expenditure

2396