WHAT IS THIS ACCOUNT

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WHAT IS THIS ACCOUNT..

Answer / moin

Acconut is a art of record
there are 3 golden principle of accounts they are
1. Personal a/c: debit credit
the receiver the giver

2. Real a/c : what comes in what goes out

3. Nominal a/c : expenses & losses incomes & gains

Is This Answer Correct ?    4 Yes 1 No

WHAT IS THIS ACCOUNT..

Answer / usha

Account is summarized statement of debit and credit

Is This Answer Correct ?    2 Yes 0 No

WHAT IS THIS ACCOUNT..

Answer / sami

account is an information system it is a process of
identifying measuring and recording of transactions

Is This Answer Correct ?    3 Yes 1 No

WHAT IS THIS ACCOUNT..

Answer / nagari sanjay

account is a consolidated statement of picture of all the
business transaction ralating to the business.

Is This Answer Correct ?    1 Yes 0 No

WHAT IS THIS ACCOUNT..

Answer / bijay parida

Accounting is an art of recording,classifing and
summarising the systematic manner

Is This Answer Correct ?    2 Yes 1 No

WHAT IS THIS ACCOUNT..

Answer / jay kumar

Account is a summerizing the business transactions. it is
an art of specificing assets, liabilities, payement items,
income items.

Is This Answer Correct ?    1 Yes 0 No

WHAT IS THIS ACCOUNT..

Answer / arun kumar gupta

Accounting is a method of recording, summarising,
Classfying and interpretation of financial data.
There are three type of accounts
Personal--Related to name of any Person, Firm, Co. etc.

Real---Related to Assets & Liabilities as plant Building
Capital etc.

Nominal----Related to expenses & revenue as salary, Rent,
Commission etc.

Is This Answer Correct ?    1 Yes 0 No

WHAT IS THIS ACCOUNT..

Answer / vamsi

It is a systematic recording of all the transactions that
are takes place in a business for a particular period of
time i.e,annual period of time.
showing the profit&losses,income and expenditure of a
business.

Is This Answer Correct ?    1 Yes 0 No

WHAT IS THIS ACCOUNT..

Answer / sonali

There are 3 diff. types of accounts: Personal, Real and
Nominal.


The word account is used in various ways.
Eg: Person opening a saving accnt in a bank.
A retailer opens an account with wholeseller and vise versa.
A firm maintainig various accounts: cash accnt, P/L accnt ,
trading a/c etc.


Is This Answer Correct ?    2 Yes 2 No

WHAT IS THIS ACCOUNT..

Answer / parusharamudu

account is a statement which is setting out for a
particular period and all the business transactions are
related to a person or any other subject and benefits
receied being on one side and benefits given being on other
side .

Is This Answer Correct ?    0 Yes 2 No

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