Interested to Buy Any Domain ? << Click Here >> for more details...
Explain kinds of accounts
- 4 Answers
- 9249 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / kamal chandra tiwari
There are three types of account
1.Personal Account ( Debit the receiver & credit the Giver)
Bank,Firm,Trust,person,etc.
2.Real Account ( Debit what comes in & Credit what Goese
out)Ex. Furniture, Machinery, etc.
3.Nominal Account( Debit all losses & exp.& credit all
incomes gains.Capital, Asests, cash, bank cash etc,
| Is This Answer Correct ? | 19 Yes | 2 No |
Answer / neeraj
Real Account : Like Bank, cash account which is actual
account Physically can see.
Personal Account : Like Vendor account, these can be
created as Person name
Nominal account : Physically can't see. dabtors etc
| Is This Answer Correct ? | 7 Yes | 1 No |
Answer / satyaki_raju@yahoo.com
Learn and follow chronological order.The question is
explain kinds of accounts.If you list the names that is
enough.If you add rules of debit and credit it will be well
and good. Outstanding account is not Nominal account
Outstanding and payables belong to representative personal
accounts.
More over I am advising you to try to answer or post
question thru your e-mail. Thru this you can glance the
status of your answer.
| Is This Answer Correct ? | 10 Yes | 5 No |
There are mainly three types of account
1. Real Account
2. Nominal Account
3. Personal Account
Ex of Real account -- Bank Account
Ex of Personal Account -- Capital Account, Drawings Account
Ex of Nominal Account -- Outstanding account, Payable accounts
| Is This Answer Correct ? | 15 Yes | 15 No |
Expand ------AQIM
EXPAND_________VBRI
hi this is priya. what is contigant liability and where we can take it in balance sheet i mean under which head
what is the difference between accounts manager and finance manager?
what is mean by T and E cosept
please give the sbi bank clerk exam paper model in last five years?
WHAT IS THE JOURNAL ENTRY FOR PURCHASE RETURNS IN THE BOOKS OF PURCHASER & SELLER
what is the core accounts
0 Answers SMS Pharmaceuticals,
classify the following into personal,real,nominal a/c-capital interest, purchase,drawing,sales return,outstanding rent,bills payable,club a/c, bill's receivable,bills payable,salary
What are write off entries to be passed say if im having payable of Rs. 400 standing in the balance sheet and I want to write it off...
Expand ________FBT
why share capital shown in liability side of a balance sheet
Audit 
