Interested to Buy Any Domain ? << Click Here >> for more details...
What is the types of accounts & it's rules ?
- 18 Answers
- 71919 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
EXPAND___________LNG
Short answer on Amalgamation
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
What are the accounting conventions and Practices?
Lets suppose X sold goods to Y on credit basis and after the due date is over Y could not make the payment due to Y became insolvent, so In X books he will show the uncollectible as Bad debts expense but in Y account under which account Y will show this while journalizing this transaction in his books of accounts?
EXPAND___________INMA
Expand-------NAST
impairment & Amortisation Means
What do you know about hyd? Tell something about hyd?
What Question ask in MARKIT Company?
WHAT IS LIMITED REVIEW? WHY IT IS REQUIRE?
what are responsibilities of an accountant in a company?
Name the Accounting Concepts
Have you worked with other on team endeavors
EXPAND___________IMF
