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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
 Audit interview questions  Audit Interview Questions
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
What is the difference between Personal account, Real
Accounts and Nominal account?
 Question Submitted By :: Guest
I also faced this Question!!     Rank Answer Posted By  
 
  Re: What is the difference between Personal account, Real Accounts and Nominal account?
Answer
# 1
personal a/c are those which uses the names of individuals
or place
ex; ramesh, taj mahal etc.

Real a/c are those which concentrated with assets
ex; buildings, machinery, furnitures etc..

Nominal a/c are those which concentrated with income, expenses,

ex; salaries, commission, etc...
 
Is This Answer Correct ?    26 Yes 3 No
Satish
 

 
 
 
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