Give some example of real,personal & nominal accounts , &
which kind of a/c reflect p&l & BS.

Answer Posted / p.murali

Real Account

What coms in Debit
What goes on Credit

Expenses comes under Profit and loss Account

Personal Account

Debit the Receiver
Credit the Giver

Examples
I received the loan Rs.5,00,000/-

Nominal Account

Expenses and Loss are Debit
Incomes and Gains are Credit

Is This Answer Correct ?    752 Yes 142 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

why should the company give first perference to the perference shareholders?

2000


What is the working formula for Inventory turnover

1533


We have a registered dealer under APVAT Act. Our company is manufacturing & marketing of seeds. seeds exempted under vat. recently we have purchased machinery for our new plant construction, against c form. now sales tax dept.not giving the c forms, because our final product is exempted, we are not eligible for c forms. kindly clarify.

2016


what do you mean by accounting?Explain the various concepts of accounting and the need for having accounting standards?

1681


Questions asked for the post of Manager (Finance) in a Public Sector company Subject of group discussions for the post of Manager (Finance) in a Public Sector company

1694






You been asked to prepare a training class for completing expense statements. What points will you emphasize to insure accurate expense statements are submitted?

1828


what are micro-cap, small-cap, mid-cap, large-cap companies?

1774


what is Sums on Finalization of Accounts?

1629


How i pass the share holders capital entry in Tally? How to set this option in Tally?

3472


outstanding expenses, prepaid or unexpired expenses

3517


What is the GDP growth?

1632


barwaha

652


Your company code use USD as the company currency. You are trying to post to an account in EUR but get an error message that you can see the problem. What is the reason?( any 1 answer) • The currency maintained in the account master record is USD • The translation rate between EUR and USD is NOT maintained • The only balances in local currency indictor is set in the account. • The account determination for exchange rate difference is missing for the account

1593


Give the balance sheet schedules ,what is differe tax, GIVE THE RATES OF DIFFERED TAX FOR THE YEAR 2008-09

1846


hi this is sharath,from hassan ,karnataka.,., i am caled for t interv on 28th may 2009, 12 noon, at foll location.,. STATE BANK OF MYSORE STAFF TRAINING CENTRE 104/105 7TH MAIN ROAD JAYALAKSHMIPURAM MYSORE-570012. anybody who is also attendin the same interview please reply me .,.,. i am in my final yr BE EnC,MCE hassan, i wold like to know more about the interview .,., please do reply.,.,. yours friendly, sharath kumar, sharath.syss@gmail.com

1686