Tell one entry that should be personal account,real
account,nominal account..
Answer Posted / anil kumar prajapati
Personal A/c means debit the receiver & credit the giver.
Nominal A/c means debit all expenses and losses & credit
all gains and incomes.
Real Account means- Debit the Receiver Credit the Giver
| Is This Answer Correct ? | 10 Yes | 27 No |
Post New Answer View All Answers
What is double-entry accounting? Explain with an example?
What is the entry for provision?
What are the steps to take before you approve an invoice for payment?
The following are the list of Balances of SUNSHINE Company as at 1.2.2012 RM Land and building 450,000. Furniture and Fittings 35,000. Office Equipment 25,000. Motor Vehicles 75,000. Inventory 5,000. Trade Receivables 12,000. Trade Payables 8,000. Bank Loan 200,000. Bank 13,000. Cash in Hand 1,000. Capital 408,000.
How to pass workscontract sale invoice which includes WCT & VAT.
Why Company maintain's books of account?
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?
Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?
i want to wearies heads under direct expenses and indirect expenses
Why companies are issuing their shares at premium and discount? What benefits the companies and the investors can get in both the cases?
what is debit balance report in SAP?. how do you describe DB report in brief.
I post Optional Voucher in Tally.ERP in which there is deduction of TDS is applied. But when I convert this voucher as regular voucher the TDS entry have to make again why so
Dear sir, In tally what is list of cost centres? and what is the list of cost categories?
What is the marginal cost formula?
i am working in construction company.we have more then one projects.i enter attendance in payroll projectwise.i want salaries in projectwise not overall in payroll autofill. thankyou sir