What is the difference between Personal account, Real
Accounts and Nominal account?
Answers were Sorted based on User's Feedback
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 |
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 |
What are the Trading A/c Components and let explain about Trading account and Profit & Loss Account
EXPAND___________KFCC
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
expand P P Division
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
Can anybody send me Interview questions & Answers to me IN Accounts & finance my Mail ID - razvinotes@yahoo.com
EXPAND___________ITAT
What are accounting standards?
Expand H D I
what is difference between b.r.c and f.i.r.c
WHERE ARE ISSUE H FORM