How many types of account example pls

Answers were Sorted based on User's Feedback



How many types of account example pls..

Answer / bhairab sa

There are three types of accounts.They are
Personal Account.
Real Account.
Nominal Account.
ex:
personal a/c: rama a/c,krishnaa/c, jaya a/c,prami a/c.
Real a/c: cash a/c.
nominal a/c:salary a/c, commission a/c, rent a/c.
Rules:
personal a/c: debit the receiver,credit the giver.
real a/c:debit what comes in ,credit what goes out.
nominal a/c:debit all incomes and gains, credit all
expences and losses.

Is This Answer Correct ?    4 Yes 1 No

How many types of account example pls..

Answer / karan singh

There are three types of account:-
1> Personal Account:- The accounts relating to induviduals, firms, associations or companies are known as personal accounts.
Debit the receiver.
Credit the giver.
2> Real Account:- The accounts rekating to all assets & properties are called real accounts.
Debit whats comes is.
Credit whats goes out.
3> Nomial Account:- The accounts relating to expenses, losses, incomes & gains are know as nominal accounts.
Debit all Expenses & Losses.
Credit all profit & gains. 

Is This Answer Correct ?    4 Yes 1 No

How many types of account example pls..

Answer / deepak subhash kaldate

there are three type of account
1]personal a/c
2]real a/c
3]nominal a/c

in detail.
1]personal a/c = debit is the receiver and credit is the
giver.
2]real a/c = debit means what comes in and credit means
what goes out.
3]nominal a/c = debit is expenses and losses and credit
is income and gain

Is This Answer Correct ?    4 Yes 2 No

How many types of account example pls..

Answer / prem

There are three typea of account
1 personal account Debit the recievr creadit the giver
eg ram a/c sundar a/c company a/c

2 real acount debit whats comein and creadit what
goesout

eg furniture a/c goodwil a/c
3 nominal account debit all expenses losses and creadit
all income and gains

eg wages a/c commison a/c

Is This Answer Correct ?    3 Yes 1 No

How many types of account example pls..

Answer / priyaranjan nayak

There are 2 types of Accounts.
1.Persional Account
2.Impersonal Account
The Persional Accounts are.
a. Natural persion's Accounts.
b. Legal Persion's Accounts.
c. Reperesentative persion's Accounts.
The Impersional Accounts are Two types.
(i)Real Accounts (ii)Nominal Accounts
The Real Accounts are.
a. Tangible Assets
b. Intagible Assets.
The Nominal Accounts are.
a. Expenses and Losses.
b. Incomes and Gains.

Is This Answer Correct ?    3 Yes 1 No

How many types of account example pls..

Answer / virendra puri

three types of account...
personal A/c , real A/c , nominl A/c.

Is This Answer Correct ?    3 Yes 1 No

How many types of account example pls..

Answer / ankama rao

broadly classified into two two head
1)personal accounts
basic rule:
debit the receiver
credit the giver
2)impersonal accounts
a)real accounts
basic rule:
debit what comes in
credit what goes out
ex:tangible assets such as buildings,
furniture,cash etc and also intangible assets
such as goodwill,trade marks etc.
b)nominal accounts
basic rule:
debit all expenses and losses
credit all incomes and gains
ex:salaries account,rent account,
commission account etc.

Is This Answer Correct ?    3 Yes 1 No

How many types of account example pls..

Answer / s. s. pathak

Basically, Accounts are nothing but according to Golden
Rule there are three types of the account-
Personal a/c
Real A/c
Nominal A/c
Personal A/c- Those accounts that denotes the transactions
with any person are called personal account.Such as,- Ram's
a/c; Mohan's a/c S.K & sons a/c; LIC CO. a/c
It is futher categorised into three categories-
1.Natural Personal A/c
2.Artificial Personal A/c
3.Representative Per. A/c
1.Natural Per. A/c:- Those accounts that denotes the
transactions with any natural person are called Natural
per. A/c

2.Artificial per. A/c:- Those accounts that denotes the
transaction with any firm, Company, Associations etc are
called Artificial personal A/c

3.Representative Per. A/c:- All those incomes and
expenditures which are outstanding or prepaid(dues/Advance)
for the currentf financial period are called representative
personal a/c

Real A/c:-Those accounts that denotes the transactions

Is This Answer Correct ?    2 Yes 0 No

How many types of account example pls..

Answer / kumkum gopal

There Are three Types of Accounts They Are:-
(1)Personal A/c
(2)Real A/c
(3)Nominal A/c

Is This Answer Correct ?    3 Yes 1 No

How many types of account example pls..

Answer / tere naam

all answers r available here. so dont see here.

Is This Answer Correct ?    4 Yes 3 No

Post New Answer

More Accounting AllOther Interview Questions

what is current rates of tds ? how many form are used to deposit tds?

3 Answers  


how accountant calculatee depriciation

5 Answers  


is it necessasary to make a partnership deed

0 Answers  


how many schedules are there in accounting?

0 Answers  


what is credit financing? any diff b/w credit financing and hirepurchase?

1 Answers   ADP,






What is Balance sheet? How to know the financial position of the company in balance shhet?

5 Answers  


suffix(Ltd) after companys name indicates what

1 Answers  


what is differed revenue

2 Answers   Siemens,


my boss (Managing Partner of a firm) promoted along with his wife a private limited company. he and she spent some Rs. 75,000/- (approx) for the promotion of the company. i know that they usually fall under the head of preliminary expenses. but after receiving the certification of incorporation of the company how shall i repay them to the promoters i.e. what is the accounting entry in the books (initial books of accounts) for the expenditure incurred. they have kept in hand 5,00,000/- each to meet the expenses and they were allotted shares of equal to the amount. can i allot shares for a consideration of cash from and excluding the preliminary expenses. can i take cash towards the share application money (being the cash more than Rs. 20,000/-) as the company has not opened a bank account yet. please give me the detailed answer with journal entries that can be entered in tally. thank you.

0 Answers  


what is MERCANTILE Accounting system? how many accounting systems are followed in India

2 Answers   DBS,


How to treat the provision for bad debts which appear on credit side of the p&L A/c.

6 Answers   Abhivrudhi, Capital IQ,


Expand S E

2 Answers  


Categories