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

Answer Posted / smit ranjan behera

* which represent the person and oganisations is called
personal account.
* which account represent assets is called real account.
*all type of expenses,loses,gain,is called nominal account.

Is This Answer Correct ?    111 Yes 23 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

what is non stock?

2214


Name the Accounting Concepts

1726


Short answer on Allowances

1497


Clasify capital

1528


Is advance paid wages has credit balance?

1090






Mr. X buys an asset of Rs. 1000/- in cash and with it get an free gold coin what is the general entry for this?

1476


What are the objectives of accounting

1485


how can make configration related with electronic bank statment and how can i upload bank statment to system

1571


What are the stages involved while preparing business blue print with examples?

309


What is Mean By FRS for HQ reporting, How To Prepare?

1618


who invented acounts?

1408


what are the different causes for discrepencybetween the balance of cash book and pass book

1463


where we have file E-returns in SAP FICO-CIN/Wtax?

2195


You use the accounts approach for parallel valuation in a new G/L system. If you used the ledger approach instead. Which objects would be different? ( any 3 answer) Chart of accounts Financial statement version Depreciation areas Asset classes Leading ledger

2815


why may types of accounts

1730