Answer Posted / ambrose massey

PERSONAL A/C : These accounts deal with transactions
relating to persons or an organization.It can be classified
as
1- Natural Persons : Mr.A Massey,Triveni & sons, etc
2- Artificial Persons : SBI, ITC Ltd, Royal calcutta golf
club etc.
3- Representative persons : Outstandig persons,Prepaid
Salary etc

REAL A/C : It is an accounts relating to assets and
properties.
Eg: Land,Machinery,Building,Plant,Cash,Bank,Stock,etc


NOMINAL A/C : It is an accounts relating to
expenses,losses, income and gain.
Eg: sales, purchase, salary, wages, rent, enterest, etc

WHAT ARE EQUITY SECURITIES?

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Up to what time we can show TDS Receivables under Advance Income Tax A/c?

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paid two years rent N1200, bought Motor van for cash N3000

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Name some errors which can be detected by Trial Balance

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i have interview in KVB on 12-12-08. so Please send me some questions asked in previous interviews contucted by KVB?

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i AM CURRENTLY DOING B.COM. i INTEND TO PURSUE MY MASTERS AT USA IN ECONOMICS AND FINANCE OR ACCOUNTING...CAN U TELL ME THE CRITERIA AND WHICH EXAM DO I NEED TO QUALIFY FOR???

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what is contigent liabilities? whats it status in balance sheet?

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What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?

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Expand--------OTA

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explain the difference between LIFO and FIFO?

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How exchange rates are maintained in sap

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What is the working formula for Inventory turnover

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While selling fertilisers can we charge VAT on excise duty.

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whst is detailed information aboutaccounting standards 20to 29

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