example real, nominal, &personal a\c?

Question Posted / praveen shettigar

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example real, nominal, &personal a\c?..

Answer / gopal kumar

real a/c-all the a/c related to any assets of company is
called real a/c
dr.-what comes in business
cr.what goes outto business
ex-purchase furniture for cash Rs-10,000
furniture a/c -dr 10,000
to cash a/c 10,000
Nominal a/c-all the income7expenditure related to business
is called nominal a/c
dr all expenditure
cr all income
ex- salary paid rs 5,000
salary a/c dr 5,000
to cash a/c 5,000
personal a/c-all the a/c related to
personal,institutions,organisations is called personal a/c
dr-the reciver
cr-the giver
ex.cash recived from soni Rs.20,000
cash a/c dr 20,000
to sonia/c 20,000

Is This Answer Correct ?

16 Yes

1 No

example real, nominal, &personal a\c?..

Answer / praveen shettigar

cash a\c (real a\c)
to sales a\c (nominal a\c)

bank a\c (personal a\c)
to cash a\c (real a\c)

purchases a\c (nominal a\c)
to cash a\c (real a\c)

Is This Answer Correct ?

6 Yes

2 No

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