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What is the nature of bank account:
a) nominal
b) real
c) personal
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Answer / deepak
Bank comes under personal accout (artificial personal a/c)
why aritificial personal means it indirectly represent a
person, option C is the answer
| Is This Answer Correct ? | 102 Yes | 13 No |
Answer / suresh raichur
Bank account will come under personal account.
| Is This Answer Correct ? | 37 Yes | 8 No |
Answer / jitendra patro
Bank A/c is a real account but if the bank with name for example HDFC Bank A/c then it is personal account
| Is This Answer Correct ? | 36 Yes | 8 No |
Answer / m. maruthi
Bank Account is a personal account. It comes under the category of Artificial personal account. Artificial persons are created by law and Real persons are members in it. So Bank account is a personal account.
| Is This Answer Correct ? | 14 Yes | 1 No |
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1 Answers State Bank of Mysore SBM,
"A" has two divisions of "B" and "c".In our system we have two vendor accounts of B&C.We have received one Non PO invoice of B and posted wrongly in C and its got paid.While reconciling the account we got this error is happend.We contacted the C and asked for refund.But C said,he transfer internally the amount directly to B and he will not refund the amount.How we will settle this entry in our books. If we reverse the entry...there is one invoice needs to be reverse and payment doc needs to be reverse..how we can settle this in our books...
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