How many types of account example pls

Answers were Sorted based on User's Feedback



How many types of account example pls..

Answer / shilpa

There are 3 types of Accounts.
They are:-
1) Personal Acccount:- Debit the Receiver
and
Credit the Giver

Eg:-Name of the Person,Name of the Company,etc.

2) Real Account:- Debit what comes in
and
Credit what goes out
Eg:- Property a/c,Assest a/c

3) Nominal Account:- Debit Expenses & Loses
and
Credit Profit & Gains
Eg:- Rent,Salary,etc..

Is This Answer Correct ?    853 Yes 68 No

How many types of account example pls..

Answer / prami

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 ?    486 Yes 170 No

How many types of account example pls..

Answer / mudassir

There are three types of Accounts
Personal Accounts Real Accounts Nominal Accounts

Is This Answer Correct ?    320 Yes 36 No

How many types of account example pls..

Answer / a. shaik alaudeen

There are three types of accounts:

1) Personal Account:
Debit the receiver, Credit the giver.
2) Real Account:
Debit what comes in, Credit was goes out.
3) Nominal Account :
Debit all the expenses and losses and credit all the
incomes and gains...

Is This Answer Correct ?    255 Yes 23 No

How many types of account example pls..

Answer / nishita nahar

there r three type of a/c 1st is personal,2nd is real, 3rd
is nomiala/c.

Is This Answer Correct ?    236 Yes 39 No

How many types of account example pls..

Answer / sachin

There are three types of accounts which are as follows.

(1).Personal A/c:- it relates to any person (e.g.
individual,any artificial person like company,firm,an
institute etc.)
This may be further classified:-
Natural Personal A/c:-it relates with natural person e.g.
Raj,sachin,Mohit etc.
Artificial Personal A/c:-It relates with artificial person
e.g. company,club,and bank etc.
Representative Personal A/c:-It represent the other person
e.g. Outstanding Salary A/c,Prepaid Exp. A/c,wages
outstanding A/c.etc.
Rule:- Dr.the receiver and Cr.the giver.

(2).Real A/c:-It relates to any assets.
e.g.land,building,machinery,furniture & fixture etc.
it relates to "TANGIBLE" as well as "INTANGIBLE" assets.
Tangible Assets:- Which can be touch & seen. e.g
Land,Building Furniture etc.
Intangible Assets:- Which can't be touch & seen e.g
Goodwill,Patent,Trademarks etc.
Rule:- Dr.what comes in and Cr.what goes out.

(3).Nominal A/c:-It realtes to expenditure & incomes. e.g.
Rant,Wages,Traveling Exp. Salaries etc.
Rule:- Dr.all Expenses & Losses and Cr.All Incomes &
gains.

Is This Answer Correct ?    139 Yes 14 No

How many types of account example pls..

Answer / pawan kumar

There are three types of account
personal-company-abc comopany ltd
representative-outstanding a/c
name-ram a/c

real-tangible-land and building
intangible-patents
nominal-income-dividend reicieved
expenses-rent paid

Is This Answer Correct ?    164 Yes 45 No

How many types of account example pls..

Answer / yogesh vishwakarma.

There are three types of Accounts:

Personal,Real And Nominal Accounts.
In Personal Accounts:
Debit the Receiver credit the Giver.

In real Account:

Debit what comes in.And credit what goes out.

In Nominal Account:

Debit all the expenses and credit all the incomes and gains.

Is This Answer Correct ?    137 Yes 23 No

How many types of account example pls..

Answer / arpit bhangadiya

there are three types of accounts:-personal a/c,real
a/c,nominal a/c

Is This Answer Correct ?    129 Yes 25 No

How many types of account example pls..

Answer / yogesh vishwakarma

There Are three Types of Accounts They Are:-

Personel A/c
Real A/c
Nominal A/c

Personel A/c :- Debit The Reciever Credit the Giver

Real A/c :- Debit what comes in Credit what Goes Out

Nominal A/c :- Debit All The expenses And Losses Credit All
the Income And Gains.

Is This Answer Correct ?    127 Yes 26 No

Post New Answer

More Accounting AllOther Interview Questions

what is the journal entry for tax refund?

28 Answers   Firm, HSBC, Rahman Industries, Taj Group,


WHAT IS ACCOUNTING?

5 Answers  


Bank Charges (FIRC CHARGES) what the meaning of FIRC Charges?

6 Answers   ING,


difference between vat 47 & vat 49

0 Answers  


what is the difference between company balace sheet and school balance sheet ?

2 Answers  






EXPAND______________PWD

1 Answers  


Assessment Year or Finanacial Year is Both are same or Different.

4 Answers  


what is provision?

1 Answers   Genpact,


i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise

0 Answers  


What is meant by defferred revenue expenditure

13 Answers   Capital IQ, FactSet Systems, L&T, TCS, Xansa,


WHAT IS THE LIMIT OF CC A/C

2 Answers  


how we can amortize the preliminary expenses calculation

1 Answers  


Categories