Interested to Buy Any Domain ? << Click Here >> for more details...
what is difference between nominal and real account ?
- 3 Answers
- 5529 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / dipin k j
Nominal account deals with all expenses and incomes but real account deals with both assets and liabilities.
Rule for nominal account:
Debit all expenses and losses and Credit all incomes and gains
Rule for real account:
Debit what comes in and credit what goes out
| Is This Answer Correct ? | 4 Yes | 0 No |
Answer / darvesi
Nominal account deals with profits and losses where as real
accounts deals with assest what comesin and what goes out.
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / prem
Nominal account is that ,which business can feel,estimate,
but cann't see(invisible),But for which business is
dealed.Example-expences,incoms,profit,loss,gains,etc.
but
Real account is that ,which business can feel,estimate and
also can see(visible)but,which deals for business.Example-
cash,land,furnitur,building,etc.
| Is This Answer Correct ? | 1 Yes | 0 No |
income tax refunds should be accounted for on cash basis or accrual basis
how will i develop my fears in interviewd?
diiffrence b/w provsion & reserve
What is Working Capital?
Fill in the blank Profits capital
WHAT ARE THE TDS RATES ON VAT IN ANDHRAPRADESH STATE.
what is net profit?
EXPAND___________NHAI
expand T I N
What is mean by Debt Equity Ratio ?
What is Deposit Clearing House ?
I want to know that if i get call from Mumbai Circle in SBI. what does it mean where will be my posting and my job profile, will i get accomodation from bank or not.
Audit 
