Transactional Accounts Interview Question:

Tell me what is debit, credit from the banks point of view?

Submitted by: Murtaza

Credit what comes in, Debit what goes out.
1)
For personal a/c
receiver dr
giver cr
2)
Real a/c
assets dr
cash or bank cr
3)
Nominal a/c
exp dr
cash or bank cr
Submitted by: Murtaza