category of acccount
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Answer / arun
Category wise ,accounts are divided into three types-
1)Personal account
2)Real account
3)Nominal account
This is the correct form to present the types of accounts.
Is This Answer Correct ? | 13 Yes | 2 No |
Answer / santosh
Their are 3 types of category in accounts, they are
1)Nominal Accounts
2)Personal Accounts
3)Real Accounts
Is This Answer Correct ? | 10 Yes | 0 No |
Answer / shivani rao
Three categories of accounts are:-
1) Personal account- Dr the receiver and Cr the giver
2) Real account- Dr what comes in and Credit what goes out.
3) Nominal accounts- Dr all expenses and losses and Cr all
income and gains.
Is This Answer Correct ? | 8 Yes | 0 No |
Answer / anitha
sk arunkumar. answer for the question later we appreciate
Is This Answer Correct ? | 2 Yes | 0 No |
Answer / sk arun kumar
Good Shivani Rao, good presentation, keep it up, I can learn
a lot from you buddy, if you don't mind can we become
friends if are willing to, than do e-mail me to-
(sk_arun_kumar@yahoo.com)
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / suganthi
management accounting, cost accounting, financial accounting
Is This Answer Correct ? | 3 Yes | 2 No |
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In Pricing the gallons of petrol sold,service station 'A' follows the first-in-first-out method,while service station'B'follows last-in-first-out method.On 1st January both has the same quantity in stock viz.6,000 gallons at Rs.26 per gallon.During the month,each station recieved additional supplies of 6,000 gallons at Rs.27.50 per gallon.Sales for each of these two stations,during the month,were 8,800 gallons at Rs.29 per gallon. Determine for each service station,profit earned during the month and value of the petrol in stock at close of the month.
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