what is difference between nominal and real account
Answer Posted / anil gautam
real a/c "dr. what comes in and cr. what goes out"
nominal a/c "dr. alll the expenses and losses cr. all the
profit and gains"
Is This Answer Correct ? | 64 Yes | 4 No |
Post New Answer View All Answers
A sample book on interviews is ready for free circulation with 7 chapters i.e Journal entries helpful for various occassions,Terminology,Abbreviations,Test your terminology,Multiple answers, Fill in blanks and Income tax send your requisition for Free Book Immediately to satyaki_raju@yahoo.co.in
My BASIC Salary is 18,000
In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
Can anyone plz. tell me where can i get the proforma application for DAO.I have tried all the links but i couldn't find any application proforma in the notifications.
fiscal year variant Vs posting period variant
what do u mean by arrear basic or arrear hra?
fd redeem interest and principal entry in tally
What is Free Cash?
what do Loan Loss Coverage Ratio mens describe it with examples?
EXPAND______________ICC
Distinguish value andPrice
what is the meaning of (PDD’s, DOD’s, CFR’s,) based on understanding of the business process
What is the Memorandum voucher?
please provide wct retun guide line how can prepaire that
Define `Realisation` Account? Explain the salient features?