why the accounts as personal real and nominal

Answers were Sorted based on User's Feedback



why the accounts as personal real and nominal..

Answer / madhulika2011

Fo the sake of covenience, transaction are divided into Personal, Real and Nominal.

Is This Answer Correct ?    4 Yes 0 No

why the accounts as personal real and nominal..

Answer / meenakshi

as per the accounting standards given by the Accounting
standards board

Is This Answer Correct ?    1 Yes 0 No

Post New Answer

More Accounting General Interview Questions

What is trial balance? What does an accurate trial balance suggest?

0 Answers  


WCT DEFINATION

1 Answers  


What is the Major Difference between Revised Schedule VI and Old Schedule VI ?

1 Answers   DMRC,


what is the difference between contra entry and double entry?

7 Answers   ACC, Capital IQ,


Why Reserves and Surplus are shown on the liabilities side of the balance sheet.? justify your answer.

4 Answers   Infosys, Muthoot Group,






What is short term solvency ratio?

0 Answers  


I Give a Cheque for IPO in Saving Bank Account , What entry in tally accounting softwer With Example

2 Answers  


1.What is security premium? 2.Difference between debt security and securitization? 3.Operating leverage and financial leverage examples? 4.Revenue and provision ,,,,differences? 5.EOQ...and its defination purpose of its use...?

1 Answers   Capital IQ,


Provison for payments (benefits received but bill not received at the closing of accounts)(utilites, Telephone, Rent)

1 Answers   Accenture,


Please explain ASAP?

5 Answers  


Define dual aspect term in accounting?

0 Answers  


Cheque rs 1400 received from Charles in settlement of a debit of rs 1500 returned dishonored

0 Answers  


Categories