Answer Posted / pradeep gunuguntla
The account which deals with persons are called personal
account.
Eg; pradeep A/c , chandu A/c, sreenivasa & co A/c
Formula : Debit the receiver
credit the giver
Personal accounts are 3 types:
1) Natural personal A/c
2) Artificial personal A/c
3) Representative personal A/c
| Is This Answer Correct ? | 1 Yes | 0 No |
Post New Answer View All Answers
distinguish between Bill of Exchange and Promissory Note
You configured new assets accounting for your company code with three depreciation areas that post in real time. When posting an external acquisition. How many documents are created?( any 1 answer) 2 3 4 6
3. You are required to show the effect of each of the following changes on profit and Break-Even-Volume from the information given below: Sales 50,000 units Rs. 5.00 per unit Variable cost Rs. 3.00 per unit Fixed cost Rs. 70,000 Changes: (i) Price changes by 20%. (ii) Volume decreases to 40,000 units. (iii) Variable cost increases to Rs 3.50 per unit. (iv) Fixed cost decreases by 10%.
What is the process of VAT & CST Registration?
cash sales and credit sales both are asset or liability?
Short Answer on __________Leverage
Weather Entry tax on consumable goods purchased against CST
how to solved the shares qusionas ?
What are direct income and indirect income
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
I need all WNS interview questions
what are the aspects an auditor has to see when he/she is doing the Purchase,Sales and Journal Vouching
Expand---------PDBC
Difference Between Revenue & Capital Expenditure (Give an Example of each )
explain Dual entry concept
