MEANING DEF TRADING A/C P&L ACCOUNT BALANCE SHEET

1. Prof. S.N.Gaikwad
Vice Chairman
Prof.S.R. Tajane
Faculty Member

3. •

4. •
•

6. Debit the Receiver
Credit the Giver
Debit : What's Comes in…..
Credit : What's goes out……
Debit All Expenses &Losses
Credit All Incomes &gains

7. • Personal Account (Its refer to Person or organizationAccount)
• Real Account (Its Relate with Capital Expenditure i.e.Assets)
• Nominal Account (These are Revenue nature and relate to incomeStatement
Items)

8. •
Debit the receiver and Credit the giver
•
•

12. Prof. Satish R. Tajane
(M.Com, GDC&A,CMA-Inter,Ph.D. Appear)
GST & Income Tax
Consultant