Answer Posted / shravanthi
Personal account-Debit the receiver
Credit the giver
Real account-----Debit what comes in
credit what goes out
Nominal account----Debit all expences & losses
credit all incomes & gains
Is This Answer Correct ? | 11 Yes | 0 No |
Post New Answer View All Answers
Explain what is gaap?
What are the accounting entries for branch accounts?
Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?
kindly send the TDS tariff on Security expenses, rents, transport charges etc.,
I am a service man.I want to submit my income tax return by efilling.Anybody can help me to do the same with the information to submit the file?
can any one send me tally professional version link
What is the Project Accounting in case of Real Estate or Construction Co`s ?
What are the elements of the accounting equation?
Pass the journal entry: rent outstanding
WE PURCHASED ONE ASSET,HOW CAN WE CALCULATE EXCISE DUTY,VAT,SERVICE TAX?[IN CASE OF SELLING PURPOSE OR OWN PURPOSE].SHALL WE CLIME CREDIT ON THAT?THEN HOW?
WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?
Define balancing in accounting?
When a company s accounting year-ends on a day that is other than the end of the calendar year what is called in accounting?
Do you know the term account payable?
what is bond wash transaction ,when we have to use it, and what is the procedure please help me with examle