when is real ,nominal, & personal a/c's used
Real Acoount:
Debit :What comes in
Credit:What goes out
Nominal Account:
Debit:All expenses and losses
Credit:All incomes and gains
Personal Account:
Debit: The receiver
Credit:The giver
These are the rules of real,nominal and the personal
accounts these accounts are used according to the situation
occured in the particular organisation,company or a firm.
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A company is Listing in EU (Europian Union) Controlled stock exchange ? will IFRS are mandatory ? if you answer will differ if Subsidary of US based company Listing in EU (Europian Union) Controlled stock exchange?
can depreciation on live stock?
I've just started to work as an accounts executive and intending to take up SAP. Can anyone tell me what are the preparations required for me as an accountant to be a successful SAP consultant.
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What is Mortgage & Mortgage loan
15 Answers First Indian Corporation, Wells Fargo,
classify the following into real, nominal, personal account 1. Discount account 2. interest on debenture 3. Land account 4. salary account 5. carriage account 6. printing & stationary account 7. stock account
Do you take interview for Your Assistant at your field, yes so what is first Question
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Name some errors which can be detected by Trial Balance
Q5 Prepare a Balance sheet from the following particulars: Gross profit =Rs.80,000 Gross profit to cost of goods sold =1/3 Stock velocity =6 times Opening stock =Rs.36,000 Accounts receivable velocity =72 days (year=360 days) Current assets=Rs.1,50,000 Account payable velocity=90 days Bills receivable =Rs.20,000 Bills payable=Rs.5,000 Fixed assets turnover ratio (on cost of goods sod)=8 times
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Give some reasons for disagreement of the balances between cash and pass book.