loan a/c is blong to which a/c acc. to golden rule
Answers were Sorted based on User's Feedback
Personal A/c,
Let:_ Loan is to be treated as Liabilelity, As like Cr
purchases.
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / gopi
Loan A/c has to be trated a Liability and it should be under
Loans (Liability)
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / nilesh
Loan A/c is belonging to
Nominal A/c as per rules.and
loan A/c is under current
liabilities.
| Is This Answer Correct ? | 1 Yes | 2 No |
Answer / manjunath.r
the goldent rule accounts
personal account
nomail account
real account
| Is This Answer Correct ? | 0 Yes | 1 No |
what is one way , two way matching , three way , four way matching ?
What is the difference between CASH FLOW and FUND FLOW?
How do you add/remove a payment block for particular invoice ?
How can you define departmental accounting?
Cheque dishonoured by bank What will be the entry i tally?
What are all the MIS reports you prepare in your company for the management
in year end Balance sheet current liabilities is showing negative balance of re.-1/- how to write off the negative figure? pls help..
how will calculate gratuity.
IS there any duty on freight charges on import duty? If yes, what is the percentage?
What is the treatment of loan and its interest in trading profit and loss ,balance sheet
What are the advantages of double entry system?
what is suspense a/c?