What is the difference between personal account real account and nominal account?


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More Accounting General Interview Questions

WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"

0 Answers   Ernst Young,


Equipment A has a cost of Rs.75,000 and net cash flow of Rs.20000 per year for six years. A substitute equipment B would cost Rs.50,000 and generate net cash flow of Rs.14,000 per year for six years. The required rate of return of both equipments is 11 per cent. Calculate the IRR and NPV for the equipments. Which equipment should be accepted and why?

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We have purchased some good from our vendor and we asked them to transport the same to some address but they have raised a debit note to us for transportation instead of invoice. Same like we have given some order to manufacture for developing that product they have charged some amount for that also they have raised the debit note. How to account these type of debit notes in tally..?

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why do we take preliminary expenses into asset side?

5 Answers   Infosys,


WHAT ARE THE LIMITATIONS FACING ACCOUNT CONCEPTS AND CONVENTIONS?

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Tell me what is an over accrual?

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What do you mean by Debit and Credit?

5 Answers  


What is the logic behind this entry P & L Appropriation A/c ..........Dr. To Provision for income tax A/c

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What happens to the company's "cash account" if it borrows money from the bank by signing a note payable?

0 Answers  


Sale of Rs.10000, where in 50% is on credit and there 10% discount on the immediete payment. Pass a journal entry for this

26 Answers   Accenture,


Tell me in balance sheet, where do you show tds?

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iam working at hotel industry it is a small industry so, i did'nt kept postage and telegram ledger because we are not doing so recently we send courier that courier charges which ledger i have to take?

4 Answers  


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