What is the nature of bank account:
a) nominal
b) real
c) personal
Answers were Sorted based on User's Feedback
Answer / deepak
Bank comes under personal accout (artificial personal a/c)
why aritificial personal means it indirectly represent a
person, option C is the answer
| Is This Answer Correct ? | 102 Yes | 13 No |
Answer / suresh raichur
Bank account will come under personal account.
| Is This Answer Correct ? | 37 Yes | 8 No |
Answer / jitendra patro
Bank A/c is a real account but if the bank with name for example HDFC Bank A/c then it is personal account
| Is This Answer Correct ? | 36 Yes | 8 No |
Answer / m. maruthi
Bank Account is a personal account. It comes under the category of Artificial personal account. Artificial persons are created by law and Real persons are members in it. So Bank account is a personal account.
| Is This Answer Correct ? | 14 Yes | 1 No |
Purchase Goods worth rs.1000/ icluding vat of rs 40/ & Service charge receive 1000/ including service charge rs 123.60/ What will be entry in Tally? Please Define me?
Tell me what do you believe makes a successful account executive?
securtralization?
whah is price earning formula?
i take a loan of 500000 rs. From ICICI bank, after 6 months i paid all from SBI bank. How can i make jv entry?
Given the following entries from a TRIAL balance, what entries would fall where in a Balance Sheet & an Income Statement? Accounts receivables Merchandized inventory stores supplies office supplies prepaid insurance accumulated Dep accounts payable sales salaries advertising expense Miscellaneous expense Office salaries expense rent expense Depreciation expense Insurance expense Bad debts expense Allowance for doubtful debts Supplies expense
What do you mean by DP(Drawing Power)
Real,Nominal or Personal. Where do reserves, general reserve and Specific Reserve Go? and why?
How can we explain what is an asset, consumable, stock, store item ? What are the essential differences?
what show in balance sheet after deduct last depreciation of assets
i wana give an interview as sr. excise officer what r the question will asked by interviewer ??? Please suggest me so I can clear inteview.thank u
Explain what is bad debt expense?