Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


What is the difference between Personal account, Real
Accounts and Nominal account?

Answers were Sorted based on User's Feedback



What is the difference between Personal account, Real Accounts and Nominal account?..

Answer / satish

personal a/c are those which uses the names of individuals
or place
ex; ramesh, taj mahal etc.

Real a/c are those which concentrated with assets
ex; buildings, machinery, furnitures etc..

Nominal a/c are those which concentrated with income, expenses,

ex; salaries, commission, etc...

Is This Answer Correct ?    33 Yes 4 No

What is the difference between Personal account, Real Accounts and Nominal account?..

Answer / sai

personal account: debit the receiver &credit the giver
real account: debit what comes in & credit what goes out
nominal account: debit all expancses and losses and credit all profits & gains

Is This Answer Correct ?    2 Yes 1 No

Post New Answer

More Accounting AllOther Interview Questions

What are the Trading A/c Components and let explain about Trading account and Profit & Loss Account

5 Answers   Focus,


EXPAND___________KFCC

2 Answers  


what is the meaning of preliminary expenses and how you shown in balance sheet

50 Answers   Banking, BPL, CA, Capital IQ, Chartered Accountant, First Midwest Bank, GE, Glass Wall Systems, Ocwen, Siemens,


How can we display last five years sales in tally

0 Answers   Telco,


expand P P Division

1 Answers  


Journal entries if the following line items are given as adjustment in balance sheet and p l a/c Fire accident of inventory Case 1. No insurance coverage Case 2.partly insurance coverage Case 3. Fully insurance coverage

5 Answers   Capital IQ,


Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - razvinotes@yahoo.com

1 Answers  


EXPAND___________ITAT

2 Answers  


What are accounting standards?

2 Answers   CTS,


Expand H D I

1 Answers   KL University,


what is difference between b.r.c and f.i.r.c

1 Answers  


WHERE ARE ISSUE H FORM

1 Answers  


Categories