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 different between nominal account and real
account ? and then personal account ?

Answers were Sorted based on User's Feedback



what is the different between nominal account and real account ? and then personal account ?..

Answer / sneha

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

what is the different between nominal account and real account ? and then personal account ?..

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

Post New Answer

More Accounting General Interview Questions

what is bank aceleted?

0 Answers  


Define executive accounting?

0 Answers  


My Brother is running a small business of Window glasses & Mirror etc. He needs Bank Loan (CC/OD Limit)against current account. So, I need a project report to apply CC Limit. Please Help me. My EMAIL ID is :- savichawla_1703@yahoo.co.in Kindly send the report to above ID ASAP. Thanks & Warm Regards Sarvpreet +919888669523

0 Answers  


in Tally what is cost cenre,cost categori and why we need to prepare them

0 Answers  


what is depreciation and methods mostly used

4 Answers  


i want to know f form and how to use and how can purchase

0 Answers  


Tell me an example of a tough decision that you had to make?

0 Answers  


WHAT IS IRR,NPV AND AT WHICH RATE THE PRESENT VALUE IS CALCULATED

3 Answers   FCI,


professional tax payment for april 2017 paid from ranbeers credit card what are the expesses booking entry in tally

0 Answers  


can you give me debit n credit rules

3 Answers  


i am normally accountant. i am not a CA. then i learn a account maintain

0 Answers   Airtel, State Bank of Mysore SBM,


In sales entry, for sales tax what rule apples (real, nominal)

3 Answers   FIC,


Categories