How many types of account example pls
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Answer / shilpa
There are 3 types of Accounts.
They are:-
1) Personal Acccount:- Debit the Receiver
and
Credit the Giver
Eg:-Name of the Person,Name of the Company,etc.
2) Real Account:- Debit what comes in
and
Credit what goes out
Eg:- Property a/c,Assest a/c
3) Nominal Account:- Debit Expenses & Loses
and
Credit Profit & Gains
Eg:- Rent,Salary,etc..
| Is This Answer Correct ? | 853 Yes | 68 No |
Answer / prami
There are three types of accounts.They are
Personal Account.
Real Account.
Nominal Account.
ex:
personal a/c: rama a/c,krishnaa/c, jaya a/c,prami a/c.
Real a/c: cash a/c.
nominal a/c:salary a/c, commission a/c, rent a/c.
Rules:
personal a/c: debit the receiver,credit the giver.
real a/c:debit what comes in ,credit what goes out.
nominal a/c:debit all incomes and gains, credit all
expences and losses.
| Is This Answer Correct ? | 486 Yes | 170 No |
Answer / mudassir
There are three types of Accounts
Personal Accounts Real Accounts Nominal Accounts
| Is This Answer Correct ? | 320 Yes | 36 No |
Answer / a. shaik alaudeen
There are three types of accounts:
1) Personal Account:
Debit the receiver, Credit the giver.
2) Real Account:
Debit what comes in, Credit was goes out.
3) Nominal Account :
Debit all the expenses and losses and credit all the
incomes and gains...
| Is This Answer Correct ? | 255 Yes | 23 No |
Answer / nishita nahar
there r three type of a/c 1st is personal,2nd is real, 3rd
is nomiala/c.
| Is This Answer Correct ? | 236 Yes | 39 No |
Answer / sachin
There are three types of accounts which are as follows.
(1).Personal A/c:- it relates to any person (e.g.
individual,any artificial person like company,firm,an
institute etc.)
This may be further classified:-
Natural Personal A/c:-it relates with natural person e.g.
Raj,sachin,Mohit etc.
Artificial Personal A/c:-It relates with artificial person
e.g. company,club,and bank etc.
Representative Personal A/c:-It represent the other person
e.g. Outstanding Salary A/c,Prepaid Exp. A/c,wages
outstanding A/c.etc.
Rule:- Dr.the receiver and Cr.the giver.
(2).Real A/c:-It relates to any assets.
e.g.land,building,machinery,furniture & fixture etc.
it relates to "TANGIBLE" as well as "INTANGIBLE" assets.
Tangible Assets:- Which can be touch & seen. e.g
Land,Building Furniture etc.
Intangible Assets:- Which can't be touch & seen e.g
Goodwill,Patent,Trademarks etc.
Rule:- Dr.what comes in and Cr.what goes out.
(3).Nominal A/c:-It realtes to expenditure & incomes. e.g.
Rant,Wages,Traveling Exp. Salaries etc.
Rule:- Dr.all Expenses & Losses and Cr.All Incomes &
gains.
| Is This Answer Correct ? | 139 Yes | 14 No |
There are three types of account
personal-company-abc comopany ltd
representative-outstanding a/c
name-ram a/c
real-tangible-land and building
intangible-patents
nominal-income-dividend reicieved
expenses-rent paid
| Is This Answer Correct ? | 164 Yes | 45 No |
Answer / yogesh vishwakarma.
There are three types of Accounts:
Personal,Real And Nominal Accounts.
In Personal Accounts:
Debit the Receiver credit the Giver.
In real Account:
Debit what comes in.And credit what goes out.
In Nominal Account:
Debit all the expenses and credit all the incomes and gains.
| Is This Answer Correct ? | 137 Yes | 23 No |
Answer / arpit bhangadiya
there are three types of accounts:-personal a/c,real
a/c,nominal a/c
| Is This Answer Correct ? | 129 Yes | 25 No |
Answer / yogesh vishwakarma
There Are three Types of Accounts They Are:-
Personel A/c
Real A/c
Nominal A/c
Personel A/c :- Debit The Reciever Credit the Giver
Real A/c :- Debit what comes in Credit what Goes Out
Nominal A/c :- Debit All The expenses And Losses Credit All
the Income And Gains.
| Is This Answer Correct ? | 127 Yes | 26 No |
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From the following information you are to prepare a Cash Budget for the period from July to December 2008. (i) The estimated sales and expenses are as follows: June July Aug. Sep. Oct. Nov. Dec. Sales 35,000 40,000 40,000 50,000 50,000 60,000 65,000 Purchases 14,000 16,000 17,000 20,000 20,000 25,000 28,000 Wages & Salaries 12,000 14,000 14,000 18,000 18,000 20,000 22,000 Expenses 5,000 6,000 6,000 6,000 7,000 7,000 7,000 Interest Received 2,000 - - 2,000 - - 2,000 Sale of Fixed Assets - - 20,000 - - - - (ii) Sales are 20% in cash and balance on credit. 50% of the debtors are collected in the month of sales and the remaining in the next month. (iii) The time lag in payment of purchases and expenses is 1 month. However, wages and salaries are paid fortnightly with a time lag of 15 days. (iv) The company maintains a minimum cash balance of Rs. 5,000. The cash balance in excess of Rs. 7,000 is invested in government securities in multiples of Rs. 1,000. Short falls in cash balance are made good by borrowing from banks. The interest received as well as paid is to be ignored.
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