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Categories >> Accounting >> Accounting AllOther


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classify the following into personal,real,nominal
a/c-capital interest, purchase,drawing,sales
return,outstanding rent,bills payable,club a/c, bill's
receivable,bills payable,salary
 Question Submitted By :: Accounting-AllOther
I also faced this Question!!     Answer Posted By  
# 1
Capital Interest - Nominal A/c as it is an Expense.
Purchase - Nominal A/c as it is an Expense.
Drawings - personal A/c as it is related with owner.
Sales return - Nominal A/c as it is related with Income.
(ie, it reduce sales).
Outstanding Rent - Personal A/c( Representative).
Bills Payable - Personal A/c
Club A/c - Personal A/c (Artificial Personal A/c)
Bills Receivable - Real A/c as it is a Asset.
Salary - Nominal A/c as it is an Expense.
Is This Answer Correct ?    8 Yes 1 No

Other Accounting AllOther Interview Questions
  Question Asked @ Answers
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Choose the correct answer: In case of assesses other than companies, the following is advance tax rate to be payable on or before of 15th September on the current fringe benefits. (1) 15 per cent; (2) 30 per cent; (3) 45 per cent; (4) 60 per cent.   2
EXPAND_________TIN   3
classify the following into real, nominal, personal account 1. Discount account 2. interest on debenture 3. Land account 4. salary account 5. carriage account 6. printing & stationary account 7. stock account   5
expand R O C E   2
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fill in the Blanks Closing balance of _________will not find place in next year books   2
Appointed Sameer asset the Manager of the business on a monthly salary of Rs.20000/- P.M? state whether the the following transcation is business transcation or non business transcation? with reson or explaination?   2
Explain about accrual basis of accounting Genpact 1
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