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Fill in the blank: Debit what comes in and credit what goes out is the rule of ______ account. - Book Keeping and Accountancy

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प्रश्न

Fill in the blank:

Debit what comes in and credit what goes out is the rule of ______ account.

रिक्त स्थान भरें
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उत्तर

Debit what comes in and credit what goes out is the rule of real account.

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अध्याय 2: Meaning and Fundamentals of Double Entry Book-Keeping - EXERCISE [पृष्ठ ४१]

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बालभारती Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
अध्याय 2 Meaning and Fundamentals of Double Entry Book-Keeping
EXERCISE | Q 5. 8) | पृष्ठ ४१

संबंधित प्रश्न

Answer in one sentence only.

What is an Account?


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.

The Assets which cannot be seen, touched or felt.


Select the most appropriate alternatives from the given below and rewrite the statement:

Machinery Account is ______ account.


State whether the following statement is True or False with reasons:

Outstanding salary is a nominal account.


State whether the following statement is True or False with reasons:

Motor car account is a Real Account.


State whether the following statement is True or False with reasons:

Bank loan account is a Nominal account.


Fill in the blank:

Land and Building account is ______ account.


Fill in the blank:

______ accounts are accounts of properties and assets.


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 account:

Patent A/c


Classify the following accounts under the types of Personal, Real and Nominal account:

Outstanding Income 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:

Plant and Machinery 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:

Loss on Sale of Furniture A/c


Classify the following account under the types of Personal, Real and Nominal account:

Loan A/c


Classify the following account under the types of Personal, Real and Nominal account:

Audit Fees 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:

Income Received in Advance 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


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