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Give some example of real,personal & nominal accounts , &
which kind of a/c reflect p&l & BS.
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Answer / hemant negi
personal a/c related with person name or farm.e.g bank,
ram /c etc
nominal a/c related with those a/c who gives profit and
loss/. p & l a/c, revlouation a/c, memodandum a/c etc.
real a/c related with assests name. furniture, car computer
etc.
| Is This Answer Correct ? | 15 Yes | 1 No |
Answer / vaishali
Personal A/c Example : Ram A/c , Shyam A/c
Real A/C Exame : Furniture A/c Reflected : Balance Sheet
Nominal A/c : Revlouation a/c, Memodandum a/c reflected : P& l
| Is This Answer Correct ? | 9 Yes | 0 No |
Answer / rajan raj
An account is a summarized record of business transactions and account can be classified into 3 types
A. Personal Account
B. Real Accounts
C. Nominal Account
A. Personal Accounts – The accounts which relate to an individual, firm, company are called personal accounts. It can be classified into three categories –
1. Natural Personal account- It refers to the accounts of human beings. For example tom account, Stephen account etc…
2. Artificial Personal account – It refers to accounts that do not have physical existence like accounts of companies for example Microsoft account, Google account etc….
3. Representative Personal account – It refers those account which represents a particular group of persons so prepaid insurance account or unearned commission account are some of its examples.
B. Real Accounts – The accounts of all things whose value can be measured in terms of money are known as real accounts. They are of 2 types
1. Tangible Real account – These are the account of those things which can be touched, felt or measured. Examples of it include stock account, building account, furniture account etc….
2. Intangible Real account – These accounts represents those things which cannot be touched, felt or measured but their value can be measure in terms of money. Goodwill, patent, trademark are some of the examples of intangible account.
C. Nominal Account – Nominal account include the accounts of all expenses and incomes. For example commission earned, rent paid, bad debts, rent received etc…..
| Is This Answer Correct ? | 10 Yes | 2 No |
Answer / adnan hashmi
PERSONAL A/C
It is the account in which all accounts are counted which is related to person, like Ram's A/C, Bank A/C & Company's A/C.
Receiver Dr.
Giver Cr.
REAL A/c
It includes the tangible & intangible assets & liabilities.
What comes In Dr.
What goes Out Cr.
NOMINAL A/C
It includes all Expenses, Losses, Gains & Income
Expenses & Losses Dr.
Income & Gains Cr.
| Is This Answer Correct ? | 6 Yes | 0 No |
Answer / manav
Examples of
Real Accounts are as follows:
Land,
Building
Goodwill
Cash
Purchases
Goods
Machinery
Patents
Trademark
Copyright
Investment
Cash in hand
Cash at bank
Leasehold property
| Is This Answer Correct ? | 7 Yes | 2 No |
Answer / ziya saif
in simple language
1:-Debit the Receiver and Credit the Giver
2:-Debit What Comes in and Credit What Goes out
3:-Debit all Expenses or Loss and Credit all Income Gains or Profit
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / bhawesh kumar
Hi
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so if you want to some help me, please send me your question set.
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| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / sukanta dey
Particular Dr Cr
BY loan a/c dr. - 50,00,000 -
To Cash a/c cr. - - 50,00,000
[Bening I received the loan]
| Is This Answer Correct ? | 14 Yes | 20 No |
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