Answered Questions

  • What is the difference between personal account real account and nominal account ?

    Aman pal (Amit bhagel S.P)

    • Sep 15th, 2016

    PERSONAL A/C
    -DR.is the receiver
    -CR. is the giver.

    NOMINAL A/C:
    -All expense & losses are DR.
    -All income, profit & gain are CR.

    REAL A/C:
    -DR. whats come in.
    -CR. whats goes out .

    manish kumar

    • Apr 28th, 2016

    Personal A/C - debit the receiver
    Credit the giver
    Real A/C - debit whats comes in
    Credit whats goes out
    Nominal A/C - debit all expenses &losses
    Credit all income & gains