Advertisements
Advertisements
Question
Fill in the blank:
Debit what comes in and credit what goes out is the rule of ______ account.
Solution
Debit what comes in and credit what goes out is the rule of real account.
APPEARS IN
RELATED QUESTIONS
Write one word/term or phrase which can substitute the following statement.
Name of the account which is debited when proprietor uses business money for personal use.
Write one word/term or phrase which can substitute the following statement.
Accounts of Expenses and Losses and Incomes and Gains.
Write one word/term or phrase which can substitute the following statement.
The Assets which cannot be seen, touched or felt.
Select the most appropriate alternatives from the given below and rewrite the statement:
Every debit has corresponding ____________
Select the most appropriate alternatives from the given below and rewrite the statement:
Goodwill is ______ asset.
State whether the following statement is True or False with reasons:
Outstanding expense is a nominal account.
State whether the following statement is True or False with reasons:
Discount account is a nominal account.
State whether the following statement is True or False with reasons:
Bank loan account is a Nominal account.
Fill in the blank:
Increase in capital is credited and decrease in capital is ______
Fill in the blank:
Travelling expenses account is ______ type of Account
Classify the following accounts under the types of Personal, Real and Nominal account:
Mr. Rohit’s capital A/c
Classify the following accounts under the types of Personal, Real and Nominal account:
Loose Tools A/c
Classify the following accounts under the types of Personal, Real, and Nominal accounts:
Drawing A/c
Classify the following accounts under the types of Personal, Real, and Nominal accounts:
Prepaid Rent A/c
Classify the following accounts under the types of Personal, Real and Nominal account:
Patent A/c
Classify the following accounts under the types of Personal, Real and Nominal account:
Prepaid Expenses A/c
Classify the following accounts under the types of Personal, Real and Nominal account:
Commission Received A/c
Classify the following account under the types of Personal, Real, and Nominal account:
Sundry Income A/c
Classify the following account under the types of Personal, Real and Nominal account:
Live Stock A/c
Classify the following account under the types of Personal, Real and Nominal account:
Radhika’s A/c
Classify the following account under the types of Personal, Real and Nominal account:
Income tax A/c
Classify the following account under the types of Personal, Real and Nominal account:
GST A/c (Goods and Service Tax)
Classify the following account under the types of Personal, Real and Nominal account:
Siddhivinayak Trust A/c
Classify the following account under the types of Personal, Real and Nominal account:
Office Equipment A/c
Classify the following account under the types of Personal, Real and Nominal account:
Dividend on Investment Advance A/c
Classify the following account under the types of Personal, Real and Nominal account:
Discount A/c
