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can any one tell me the Types of accounts in practise
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Answer / prabakar
As per the companies act, the accounting should be done in
2 ways.
1. Mercantile system of Book Keeping (Double Entry System)
2. Cash Receipt System (Recording transaction only when it
occurs)
3. Apart from these there is self balancing system wherein
a person can write as per his/her understanding.
| Is This Answer Correct ? | 4 Yes | 2 No |
Answer / narasimha rao
ACCOUNTS ARE THREE TYPES
INE IS PERSONAL ACCOUNT
REAL ACCOUNT
NOMINAL ACCOUNT
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / rasant kumar giri.mba.ibcs
ACCOUNTS ARE 3 TYPES
1.PERSONAL ACCOUNTS:- ANY PERSON.
2.REAL ACCOUNT:- REPRESENTED BY PERSON
3.NOMINAL ACCOUNT:- ALL EXPENDITURE
| Is This Answer Correct ? | 2 Yes | 0 No |
Answer / narasimha rao
THREE TYPES OF ACCOUNTS ONE IS PERSONAL ACCOUNT SEACOND IS
REAL ACCOUNT AND THIRD IS NOMINAL ACCOUNT
ABOVE ANSWER REGORDING TO THE METHODS OF ACCOUNTING
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / siva
In practise following are the types of accounts are used :
1)Double entry book keeping
2)computerised accounting
3)mannual accounting
in the case of double entry book keeping, the
balancing of debit and credit side.computerised accounting
is mostly used in all companies because it is very less
time to record the transactions.Mannual accounting, it is
used only small companies and less tansactions which is
used.
| Is This Answer Correct ? | 2 Yes | 1 No |
What is current liability
about tally erp9
Fiscal year variant F1 has 6 posting periods and fiscal year variant F2 has 4 posting periods. The posting have different start and ending dates.assign posting period variant F1 is assigned to leading ledger (0L) and F2 is assigned to the non-leading ledger(N1). You get an error message when making a posting in the non-leading ledger.?( any 1 answer) • The posting period variant of the non-leading ledger and the leading are different • The fiscal year variant of the non-leading ledger and the leading ledger are different • The posting is being made in a special period, but both variants are examples of a shortened fiscal year • The posting period for the non leading ledger group”N1” is closed
We have two mandatory qualifiers nature of accounts and balancing segment, which will balance the debit and credit and recognize the nature of accounts, my question is what other qualifiers do. Like management. Thank you.
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