example real, nominal, &personal a\c?

Question Posted / praveen shettigar

2 Answers
6040 Views
Hindustan Unilever Limited, I also Faced
E-Mail Answers

Answers were Sorted based on User's Feedback

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

Post New Answer

More Banking Finance Interview Questions

In the industrial field, what are the different banking software applications present?

0 Answers

Hiii, i have done mba finance after doing b.tech biotech. I am now facing many problems in interview as yhey are asking about my biotech back ground and secondly the questions posed by the interviwers consist of core finance and i can't answer as in mba they teach about each subject superficially? What must i do now?

0 Answers

what is “Over the Counter Market”?

0 Answers

Being the finance manager being of a company how will you make finance forecasting

3 Answers NIBM, Wipro,

Differentiate between Compare Component cost and Composite cost?

0 Answers

the difference between ROCE and ROSF

2 Answers

What do you understand by overdraft?

0 Answers

Why more and more companies are coming to Baddi?