Interested to Buy Any Domain ? << Click Here >> for more details...
what is the different between nominal account and real
account ? and then personal account ?
- 2 Answers
- 5851 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
nominal a/c is show the all expense,losses & gail,profit
nominal A/c rule=all exp. debit
all income & gain credit.
Real a/c is show all assets,current & fixed assets.
reasl a/c rule= Debit Whats come in
Credit whats Goes out.
Personal A/c is show,person name ,bank ,firm,company name.
personal A/c rule = Debit is the receiver,
Credit is giver,
| Is This Answer Correct ? | 14 Yes | 1 No |
Answer / e. sivakumar
Personal A/C : - Debit the Receiver - Credit the Giver
Ex: Individual Person, Bank Etc..
Real A/C ; - Debit What comes in - Credit What goes out
What ever Assets purchased & Sales
Nominal A/C : - Debit all Expenses - Credit all Incomes
Which use to P&L
| Is This Answer Correct ? | 9 Yes | 2 No |
As there is a two types of rates of depreciation i.e as per Income tax Act & As per Company Law.But, in accounting process which of these rates should be taken ?
Explain me what makes a successful account manager?
Why did you select accounting as your profession?
what is profit and loss(dr) in cash flow statement?
Who is considered the father of accounting?
What is the meaning of RTGS & its working ?
Value added tax is an expense to be suffered by?
Dear Sir I had already export to dubai. now I am to know that can I enter this sale entry in RG1. pls guide me.
journal entry for prepaid insurance and salary outstanding
What action could be taken by you and your manager to improve your performance in your current position?
what is rettification of error?
What is mean by assets
Audit 
