how many types of accounts in accounting language?
- 9 Answers
- 17298 Views
- I also Faced
- E-Mail Answers
Answer Posted / latha devi vazir
There are three types of accounts.
1.Personal accounts,
2.Real accounts,
3.Nominal accounts.
Personal accounts: accounts related to Individuals and Business Organisations are prepared under this head.
Rule:DEBIT THE RECEIVER AND CREDIT THE GIVER.
Real accounts:Accounts relating to the properties of the proprietor are called real accounts
RULE:DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT.
Nominal accounts:Accounts relating to expenses, incomes, losses,and gains are called Nominal accounts.
RULE:DEBIT ALL EXPENSES AND CREDIT ALL INCOMES AND GAINS.
| Is This Answer Correct ? | 9 Yes | 0 No |
Post New Answer View All Answers
Which document should be attached with purchse & sales invoice?
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
Expand---------PDCB
hi.this krishan .i m slect in axis bank for executive. when i sposse to join
company's total overhead expense is containing which are the expenses? Definition of overhead expense.
Which Exchange determine Foreign ?
What are the accounting conventions and Practices?
why you want to join the banking and finance industry?
What is meant by advance ruling? What is the scheme of advance rulings?
Can anyone give comparative data of NPA(non performing assets) of nationalised banks or BANKS IN INDIA for the last 5-10 years if possible with bifurcation substandard doubtful loss asset
how to entery pass in tally when items damage(items insured)and claim to insurance co.
how to prepare the balance sheet of private ltd. company & what roll should be play by Income tax, compnay law & accounting standard in India & world.
what do you mean indirect expanse in trading business?
What is payment/receipt/period accruals?
what are the content of purchase order?
