why the accounts as personal real and nominal

Answer Posted / madhulika2011

Fo the sake of covenience, transaction are divided into Personal, Real and Nominal.

Is This Answer Correct ?    4 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Key difference between indian accounting standards and international accounting standards is.

647


What is meaning of invoice?

699


if co. (proprietorship). purchase mobile phone for employees than mobile phones under off. equipment .we have rec. purchase bill gst applicable how shows entry

1004


Is it mendatory to provide deferred tax asset, where the management not expecting taxable profit in the subsequent financial years.

1727


What is budget variance analysis?

5892






What is service tax & excise?

631


What is the purpose of financial statements?

642


Proprietor paid amount of Rs. 11060/- for car insurance. Pass Journal.

1020


How to show Airticket Expense on Company's A/c as Company expense

1376


At the time of depreciation run we selected actual dep key is 5% but we taken 7% so the depreciation was posted wrongly how to rectify it?

1945


In accounting, are assets a permanent account?

673


If A Company pays amount thru bank for a supplier deducting tds on behalf of B company. Accounting entries to be made in company A and B

4151


What is fair value accounting definition?

803


what is the method deposit of wct in Delhi

1748


What is a ledger? What do you mean by ledger posting?

658