What is personal a/c ,real a/c

Answer Posted / ammu

Personal Account
Dr:the Reciever
Cr:the giver

Real Account
Dr:what comes in
Cr:What comes out

Nominal Account
Dr:expenses and losses
cr:incomes and gains

Is This Answer Correct ?    30 Yes 2 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is turn over? what is vat? what should ido to become a expert in acount? plese ans me

1851


lic (life insurance corporation)how much he or she as to deduct income tax on his gross annual salary. please give with examples

1666


Scheme is given by a company to his distributors on sale of goods, what is the treatment of this scheme distributors hand Direct income or indirect income

1457


RPC Ltd. follows the written down value method of depreciating machinery year after year due to (a) Comparability. (b) Convenience. (c) Consistency. (d) All of the above

1877


using examples, examine the relevance of the following as final accouting adjustments; 1.reserves 2.provisions 3.disposal of assets 4.control accounts

1556






Recall a time when you faced a dissatisfied and aggressive customer. How did you handle it?

685


What knowledge should financial accountant have?

797


Explain me the difference between accounting and auditing?

744


Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect

1519


"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...

1476


1.what is the entry of petrol of payment made by credit card of owner? 2.what is the entry of petrol of payment made by credit card of Company?

971


What is Provision Entry

1269


capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?

1183


What is absorption costing with defination? and what is marginal costin with defination?

2615


Dear Sir, Tomorrow i am going for interview at TCS-Mumbai.Please let me know what kind of question are going to be asked.

1640