KINDLY EXPLAIN THREE TYPES OF ACCOUNTS WITH EXAMPLES
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Answer / inderjeet
There are three types of accounts,
1)Personal
1.1)Artificial person (bank, company, )
1.2)Natural person(ram shyam mohan)
2)Real (Assests:- cash, building, goodwill)
3)Nominal (all expenses and gain , profit and loss)
exp :- Rent
| Is This Answer Correct ? | 91 Yes | 17 No |
Answer / gauravmba
There are three type of accounts
Real A/C- what says"debit what comes in credit what goes out"
example- when we purchase the assets any kind of
it'car,motor cycle,building,furniture etc" in cash
apply the real a/c rule-Car a/c debit & cash/Bank will be credit
why bcs,assets comes in to business so we debited the same &
cash is going out of business so we credited
Personal A/c-says " debit the reciever credit the giver
example -
we apply it at the time of payment & reciept Transaction
like we do payment in cash to ram
ram is the reciever so we debited
cash is real a/c(now apply what is going)so we credit cash
Nominal A/c-debit all exp & loses credit all incomes & gains
telephone exp paid in cash
Telephone exp is nominal A/c that is why we debited
cash/bank is real a/c and is going out of business so we
credited
another reason of crediting cash, whenever we decrese in
assets it will be credit
| Is This Answer Correct ? | 54 Yes | 11 No |
Answer / kokila
The three types of Accounts are:
1. Personal A/c - ex. Individuals a/c, Company A/c etc..
2. Real A/c - Cash A/c, Asset A/c Etc
3. Nominal A/c - Salaries A/c, Rent A/c etc...
| Is This Answer Correct ? | 41 Yes | 10 No |
Answer / nizamuddin
personal account, debit the receiver credit the giver,
real or asset account, debit what comes in credit what goes
out
nominal or ficticious accounts, debit expenses or losses
and credit incomes and gains.
| Is This Answer Correct ? | 23 Yes | 8 No |
Answer / anushree dey
personal A/C -AMIT'S A/C .
REAL A/C -CASH A/C, COMPUTER A/C.
NOMINAL A/C -INSURANCE A/C.
| Is This Answer Correct ? | 14 Yes | 5 No |
Answer / mukesh
there are two tyes of account
1)personal
i)natural-it includes human ac..eg ram ,shyam
ii)artificial-its for business entities eg government companies,clubs
iii)representative-they are not in the name of any human organization but are represented as personal ac. eg capital, drawings, prepaid salary,outstanding expense 2)impersonal
i)real-it includes assets except debtors and bank. eg cash, buildings,patent
ii)nominal- it includes all loss,gains and revenue eg consignment,joint venture,salry,rent , income
| Is This Answer Correct ? | 9 Yes | 2 No |
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