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How many types of account example pls
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Answer Posted / sachin
There are three types of accounts which are as follows.
(1).Personal A/c:- it relates to any person (e.g.
individual,any artificial person like company,firm,an
institute etc.)
This may be further classified:-
Natural Personal A/c:-it relates with natural person e.g.
Raj,sachin,Mohit etc.
Artificial Personal A/c:-It relates with artificial person
e.g. company,club,and bank etc.
Representative Personal A/c:-It represent the other person
e.g. Outstanding Salary A/c,Prepaid Exp. A/c,wages
outstanding A/c.etc.
Rule:- Dr.the receiver and Cr.the giver.
(2).Real A/c:-It relates to any assets.
e.g.land,building,machinery,furniture & fixture etc.
it relates to "TANGIBLE" as well as "INTANGIBLE" assets.
Tangible Assets:- Which can be touch & seen. e.g
Land,Building Furniture etc.
Intangible Assets:- Which can't be touch & seen e.g
Goodwill,Patent,Trademarks etc.
Rule:- Dr.what comes in and Cr.what goes out.
(3).Nominal A/c:-It realtes to expenditure & incomes. e.g.
Rant,Wages,Traveling Exp. Salaries etc.
Rule:- Dr.all Expenses & Losses and Cr.All Incomes &
gains.
| Is This Answer Correct ? | 139 Yes | 14 No |
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