Interested to Buy Any Domain ? << Click Here >> for more details...
what is the different between nominal account and real
account ? and then personal account ?
- 2 Answers
- 5708 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
nominal a/c is show the all expense,losses & gail,profit
nominal A/c rule=all exp. debit
all income & gain credit.
Real a/c is show all assets,current & fixed assets.
reasl a/c rule= Debit Whats come in
Credit whats Goes out.
Personal A/c is show,person name ,bank ,firm,company name.
personal A/c rule = Debit is the receiver,
Credit is giver,
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / e. sivakumar
Personal A/C : - Debit the Receiver - Credit the Giver
Ex: Individual Person, Bank Etc..
Real A/C ; - Debit What comes in - Credit What goes out
What ever Assets purchased & Sales
Nominal A/C : - Debit all Expenses - Credit all Incomes
Which use to P&L
| Is This Answer Correct ? | 9 Yes | 2 No |
Goods sold by Del Credere Agent are sales of manufacturer or Del Credere Agency?
Dear sir , 1-what is diffrence local tax & vat 2 -what is sales tax. tds. service tax challan & return due date(monthly & quartly, annually) 3- what is deprecation rate in company act 4-what is income tax latest limit-
0 Answers InTarvo Technologies,
Should purchase of Hard Disk and DVD be capitalised?
Golden rules of Accounts
3 Answers Chartered Accountant,
WHAT IS TAX ? WHY SHOULD PAY TAX?WHAT IS THE NEED FOR PAYING TAX?
Bank charges rs.100 debit/credit only in brs, where u can Posted entry,add or less in as per cash book/passbook
Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.
adams a debtor for R600 had been declared insolvent and part of his debts has to be written off. The attorneys informed you that an amount of 25c in the rand will be paid and the rest must be written off
What is the below line item and above line item and where this terminology is used?
i need to know the questions which are asked in the operational round in dell for finance and accounting process,.,
Why do we prepare trial balance?
I have two godown in Delhi.i want transfer of goods from one to another what documents are required
Audit 
