Interested to Buy Any Domain ? << Click Here >> for more details...
Explain kinds of accounts
- 4 Answers
- 9009 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 |
Who to create a budget on software company
Can someone tell me about SAP FI/CO test questions?WHat are the main things we must know?
How can I explain p2p process in SAP?
Expand C P F
Choose the right answer Which of the following is Liability account 1.Bills payable 2.TDS collected 3.Unearned income
i am fresher .i want job in accounts.please send me general interview questions of accounts
The liabilty positions of 1.sole proprietor 2.Partnership 3.Company
how to show Income receivable in tally erp-9.
What's the method to prepare the MIS Report? or What's the Step of prepare of MIS Report?
how history is helpful for banking?
0 Answers State Bank Of India SBI,
Sir i am working in 3 star hotel as a senior accountant i need some general letter drafts pleas do the need ful
what is bill of payment
2 Answers FIC, First Indian Corporation,
Audit 
