Interested to Buy Any Domain ? << Click Here >> for more details...
how many types of accounts in accounting language?
- 9 Answers
- 19481 Views
- I also Faced
- E-Mail Answers
Answer Posted / latha devi vazir
There are three types of accounts.
1.Personal accounts,
2.Real accounts,
3.Nominal accounts.
Personal accounts: accounts related to Individuals and Business Organisations are prepared under this head.
Rule:DEBIT THE RECEIVER AND CREDIT THE GIVER.
Real accounts:Accounts relating to the properties of the proprietor are called real accounts
RULE:DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT.
Nominal accounts:Accounts relating to expenses, incomes, losses,and gains are called Nominal accounts.
RULE:DEBIT ALL EXPENSES AND CREDIT ALL INCOMES AND GAINS.
| Is This Answer Correct ? | 9 Yes | 0 No |
Post New Answer View All Answers
What is the Formula For Return on Working Capital
Expand-------ASRT
what is the reason for balance sheet not getting tallyed
Short Answer on ___________fluctuating capital
Suresh agreed to adjust Ramesh due amount of Rs 15000- from his credit balance
How are fund-raising and publicity and management and administration costs apportioned over funds?
why you would like to work for the our(AIRLINE) Group ???
Which Exchange determine Foreign Exchange/Currency Rate?
explain the financialand economic meaning of investment?
How to make an adjustment entry for the variation of physical asset Vs book value of asset. For example: As per asset register there are 1000 computers where as 950 computers are available in stores. How to make an adjustment entries for the difference of 50 quantities?
what is similarites between tata motors and airtel
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
how to work on CMA form in manufacturing compay as well as how to analysis working capital ?
How to increase our credit rating score quickly?
how many schedules are there in accounting?
