Interested to Buy Any Domain ? << Click Here >> for more details...
Give some example of real,personal & nominal accounts , &
which kind of a/c reflect p&l & BS.
- 20 Answers
- 257640 Views
- Banking, HSBC, IT Industry, Motilal Oswal, SLK, I also Faced
- E-Mail Answers
Answer Posted / amarendra sarangi
Personal account-debit is the receiver & credit is the giver.
means 1. natural persons -like pinku.
2.artificial persons-government,companies.
3.representative personal account-like outstanding liability drawings etc.
REAL ACCOUNT-which relates to assets not firms debts.means debit what comes in credit what goes out.
like-cash in hand,land.
nominal account-In this account debit all expenses and losses,credit all gains and incomes.
like-salary,bad debts etc.
| Is This Answer Correct ? | 77 Yes | 15 No |
Post New Answer View All Answers
What is the analytical way of accounting?
Short Answer on ________Adjusting Entries
Is depreciation a expense or income?
which Electrical items is Exciseible
Expand-------SNAT
Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry
I need all WNS interview questions
What is share,Bond, sharecapital, Budgeting, BRS, CA, CL, WC, WACC, Depreciation, types of Depreciation, B/S, CF items and some transactions and Preference Share capital, Equity Share Capital , Debenture and practicle Questions to solve and tell there itself whether the co's good for investing etc..like opinion for problems to find out how good one is with basics.
WHAT IS B.E.P. CHART
how we will prepare n file income tax returns for individuals?explain
Why do you want to work for us?
HOW TO MAINTAIN BANK A/C
Distinguish between sale and consignment
explain about mergers & aquisitions? asked on 30/7/09
MMT and MID payment how post in tally
