What is the types of accounts & it's rules ?
- 18 Answers
- 68661 Views
- WNS, I also Faced
- E-Mail Answers
Answer Posted / arifat bhat
there are three types of accounts.
1. PERSONAL ACCOUNT:- the element or accounts which
represent persons and organisation. e.g mohammad, Ahmad &
co.
Debit the Receiver
Credit the Giver
2. REAL ACCOUNT:- the element or accounts which represent
assests. e.g furniture,attached things etc.
Debit what comes in
Credit what goes out
3. NOMINAL ACCOUNT:- the element or accounts which
represent incomes,expenses , losses,gains.
Debit the Expeses/Losses
Credit the incomes/gains
| Is This Answer Correct ? | 64 Yes | 6 No |
Post New Answer View All Answers
What are motive behind mergers And acquisitions?
it is better to invest in which securities short term/long term or both? please reason4 the same
Short Answer on ______________Import Trade
what is corporate accounting?
Have you worked with other on team endeavors
I have been interview in next week my posting is accounts officer i have be manage with AP,AR,BRS and GL what Books i have read.
Short Answer on ________Accounts Payables
what is the nature of bill receivable and consignmenta/c
Hi, I am doing Data Entry jobs in Accounts. please let me know "How to maintain Medical stores accounts"?
The Closing stock balance on the cr side of Tarding Proft and Loss A/c due to this our revenue so when we isued the material or used in production then whats happen with closing stock(I think Closing Stock will dr after Isuabce/use materil in Production)if its correct tell me
How to Calculate Mortgage?
what is absorbtion coasting?
i am a mba fresher and i'm learning oracle finance.please give me ur valueble suggetions about my career in oracle finance? what r the requirements 2 get a good job in time?
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
