What is the nature of bank account:
a) nominal
b) real
c) personal
Answers were Sorted based on User's Feedback
Answer / gopal
It should be real A/c.
we can not record transaction only between two persoanl
accounts, and we do record bank transfers between two bank
account.
Is This Answer Correct ? | 1 Yes | 2 No |
Answer / maharshi
nominal..debit all expense and loss while credit all income
and gain
Is This Answer Correct ? | 1 Yes | 3 No |
Please explain ASAP?
what is tds? how this tds deducted? what is percentage? how to calculate? what is the procesure?
Amortization
Under which head the cleaning expenses will come in accounts
on what rate depreciation will be calculated?
If in Baance sheet Furniture is given @ rs.1200000. and an adjustment tells that half of the building is used for residential purpose... then what is treatment in accounts?
what are GAAP items and examples of such?
sold private car for rs 4,000 and bought a new one with proceeds for bussiess plus rs 5.000 from office cash what will be the journal entry
Can you name any other accounting application?
WRITE ABOUT ANY 1 "WOMENS ARE BEST MANAGEMENT PERSON" "IF UR FINANCE MINISTER OF INDIA" "V R RESPONSIBLE FOR OUR ENVIRONMENT"
Whatid the rate tds on rent of plant and machinery ?
Pass the journal entry: rent outstanding