can any one tell me the Types of accounts in practise
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Answer / prabakar
As per the companies act, the accounting should be done in
2 ways.
1. Mercantile system of Book Keeping (Double Entry System)
2. Cash Receipt System (Recording transaction only when it
occurs)
3. Apart from these there is self balancing system wherein
a person can write as per his/her understanding.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / narasimha rao
ACCOUNTS ARE THREE TYPES
INE IS PERSONAL ACCOUNT
REAL ACCOUNT
NOMINAL ACCOUNT
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rasant kumar giri.mba.ibcs
ACCOUNTS ARE 3 TYPES
1.PERSONAL ACCOUNTS:- ANY PERSON.
2.REAL ACCOUNT:- REPRESENTED BY PERSON
3.NOMINAL ACCOUNT:- ALL EXPENDITURE
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / narasimha rao
THREE TYPES OF ACCOUNTS ONE IS PERSONAL ACCOUNT SEACOND IS
REAL ACCOUNT AND THIRD IS NOMINAL ACCOUNT
ABOVE ANSWER REGORDING TO THE METHODS OF ACCOUNTING
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / siva
In practise following are the types of accounts are used :
1)Double entry book keeping
2)computerised accounting
3)mannual accounting
in the case of double entry book keeping, the
balancing of debit and credit side.computerised accounting
is mostly used in all companies because it is very less
time to record the transactions.Mannual accounting, it is
used only small companies and less tansactions which is
used.
| Is This Answer Correct ? | 2 Yes | 1 No |
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