Interested to Buy Any Domain ? << Click Here >> for more details...
how many types of accounts in accounting language?
- 9 Answers
- 19824 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
Expand----------MTSC
what are the different causes for discrepencybetween the balance of cash book and pass book
what are the rules and regulations of junior accountant
selling price = shs. 200, variable overhead-selling per unit= shs 80, variable production cost per unit = shs 60, fixed selling cost = 2,840,000. the production capacity of the project is 200,000 units. required P/V ratio, BEP and margin of safety
Dear All, Please reply ASAP. I have an account with SBI and ICICI bank. I have mention the Authorised bank address of SBI in our Shipping bill and GR. But we have received the Payments in ICICI Bank. Please inform who are able to realise the Bank Realisation Certificate (BRC)ICICI or SBI. Can SBI are quolify for refuse for BRC Application. Please reply of this query on jani_janikalpesh@yahoo.com regards Kalpesh Jani 9978912950
Hi any one send me the configuration steps for make to order and make to stock in sap .send to my mail id c.sujatha2008@gmail.com
Exapnd--------RAN
how do you prepare the mis reports and prepare the one example report stating your accounts department proforma
why should i hire you? what are your outside interest? what was your toughest decision you ever have to make?
Why you want to leave your present job while they offer you with good offer?
Reserve Capital and Reserve Capital
EXPAND_________SEB
DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?
what are Equity shares,Preference shares,Bonus shares,Bond,Debentures,Dividend?
what is the procedure for issuing th C form
