Interested to Buy Any Domain ? << Click Here >> for more details...
i was asked to journalise nominal accounts please give me
the answer with examples so dat its easy for me 2 understand
- 3 Answers
- 5504 Views
- Target, I also Faced
- E-Mail Answers
Answer Posted / gayasree
Accounts are divided into two types that are personal a/c and impersonal a/c nd this impersonal a/c has two types that are real a/c and Nominal accounts here norminal a/c are related to two things that are
1)Expenses, loses..... Dr
2) Income, profit..... Cr
Ex÷ salary a/c, commission a/c, interest received a/c... etc
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
why specifically inited states ?
how MIS statements used in accounts receivables n payables? n what is the advantage of this reports?
Why does one need a broker?
what are the certificates needed at the time of SBI clerical interview?
What is Profir/Earning Before Tax and Profit after tax any one explaint this Clearly.
When we are raised a interstate invoice then which type invoice we are raised
EXPAND_________SDJMC
what is the difference between speculation & investment?
From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
why are you selecting for the controlling area same company code?
In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping
hey! i have an interview for PO in union bank on 11th feb. can anyone please tell me what major topics should i prepare for? of course npa is there. also cibil and basel basics. is there anything else i should prepare?
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
What is outsider equity and time interest period ratio?
what is differred tax liability? explain in detail with some example.
