Answer Posted / bibhas biswas

Personal Accounts- Debit-The Receiver; Credit-The Giver
Real Accounts-Deit-What Comes In; Credit-What Goes Out
Nominal Accounts-Debit-All Expenses and Losses;Credit-All
Incomes or Gains

Is This Answer Correct ?    1 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is waybill key number & how can it be issue?

1841


why the closing stock is not considered in drawing trail balance.... Are there any other items like the above

1939


how to maintain stock if any entry mismatch pllzz tell me short cut

1072


What is revaluation of Accounts, how does it is accounted in business

1492


what do Loan Loss Coverage Ratio mens describe it with examples?

1757






we can add the no. of increase in shares due to exercise of options,convertible debentures,warrants etc.Why diluted eps is calculated separately?

1572


Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.

1627


What is Mean By FRS for HQ reporting, How To Prepare?

1626


What do mean by Computerization of accounts

2118


what is internal audit

1609


what is the difference between cash flow and funds flow

1694


Name some errors which can be detected by Trial Balance

1689


who introduces the single entry format?

1561


Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance

1510


what is the main difference between nse & bse operations

1540