What is the types of accounts & it's rules ?
- 18 Answers
- 67434 Views
- WNS, I also Faced
- E-Mail Answers
Answer Posted / mukesh
There are three types of the account:
1.)Personal a/c:
peronal account has also another three parts
a) natural personal a/c:-
particular person name e.g.mukes a/c
b) Artificial a/c:-
e.g. himalayan trede a/c
c)Representive a/c:-
it will represents the outstanding salary
RULES:
Debit is reciever
credit is giver
2.)Real a/c:
this is used for cash and assets account
RULES:
Debit what comes in
Credit what out in
3.)Nomial a/c:
this is releated to all the expenses and
expenditure
RULES:
Debit all expenses & losses
Credit all incomes & profit
| Is This Answer Correct ? | 43 Yes | 3 No |
Post New Answer View All Answers
WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION
what is automatic payment in sap fico
what do you mean by jounal voucher? Jounal entry for dishonored cheque can be possible thruogh jv?
Hi...At present am doing my second year B.Com.I want to do Chartered accountant.Could you send me the details such as when i can start this course,levels of course,proceudre to start( training and prerequirement if any)?And also do let me know is it possible to start from madurai.Note: I wanted to start by regular classes not by distant education. Thanks in avance.
Define the word Profit in terms of business
Expand---------BPCD
hai everybody... wish u all the best for those who got selected in sbi associate bank is anyone from coimbatore region attending on 27th may 2009.
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account
Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.
If someone knows about the test pattern of Junior executive accounts than please share.
Expand---------PED
what tax will be on puchasing of sweets and is necessery to use form 38.
what is monetary polasy and how it is different from trade polacy? how it will impact on stockmarkets in India?
what is mean by T and E cosept
