Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Sales A/C belongs to which account type?

Answer Posted / rahul

I know sales a/c is a NOMINAL A/C....... but i am confused very very confused because when sales a/c is nominal it does not support ACCOUNTING EQUATION and if we knows that sales a/c is a Real a/c is does not support Profit and Loss a/c

Is This Answer Correct ?    3 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.

2147


Calculate the missing figures for company A. A Sales (TSR) (a) Total Variable Costs (TVC) (b) Total Fixed Costs (TFC) $24,000.00 Profit $0.00 Units Sold 1,000.00 Contribution Margin Per Unit (CMU) (c) Contribution Margin Ratio (CMR) (d) Break-Even Point (BEP) (Units) (e) Break-Even Point (BEP) (Dollars) $60,000.00

2201


Do you know in accounting, vat abbreviates what?

1169


X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?

2063


Explain what is double-entry accounting? Explain with an example?

1147


What and How to compute an unsecured balances?

2303


what is balance sheet, capital budgeting, financial statements, current ratio, profit maximization?

2018


Which forms in use in service Tax, Excise duty and Vat for the return.

2153


purchase from interstate as applicable f form given to supplier & selling in local state as applicable local vat guide me as per law

1870


what is gl a/c? & why is it maintain

1966


What is the tds effect in balance sheet if tds receipts?

1268


total assets are equal to total liabilities in final accounts ?why?

2008


Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c

1584


What do you find most satisfying about this job?

1182


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

1930