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Categories  >>  Accounting  >>  Accounting AllOther
 
 


 

 
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 Accounting AllOther interview questions  Accounting AllOther Interview Questions
Question
Explain kinds of accounts
 Question Submitted By :: Satyaki_raju@yahoo.com
I also faced this Question!!     Rank Answer Posted By  
 
  Re: Explain kinds of accounts
Answer
# 1
There are mainly three types of account
1. Real Account
2. Nominal Account
3. Personal Account
Ex of Real account -- Bank Account
Ex of Personal Account -- Capital Account, Drawings Account
Ex of Nominal Account --  Outstanding account, Payable accounts
 
Is This Answer Correct ?    2 Yes 5 No
Kunal $rivastava
 
  Re: Explain kinds of accounts
Answer
# 2
Learn and follow chronological order.The question is 
explain kinds of accounts.If you list the names that is 
enough.If you add rules of debit and credit it will be well 
and good. Outstanding account is not Nominal account 
Outstanding and payables belong to representative personal 
accounts.
More over I am advising you to try to answer or post 
question thru your e-mail. Thru this you can glance the 
status of your answer.
 
Is This Answer Correct ?    1 Yes 1 No
Satyaki_raju@yahoo.com
[Taxtime]
 
 
 

 
 
 
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