Q11)-What are the rules of double entry book keeping for various types of accounts?

 Following are the basic rules of double entry book keeping for various types of accounts:

- Personal Account : Debit the Receiver, Credit the Giver
-Real Account : Debit what comes in, Credit what goes out
-Nominal Account : Debit all the Expenses, Credit … Continue reading Top 20 Finance questions asked in MBA interview ! PART 2.