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how many types of accounts in accounting language?

Answers were Sorted based on User's Feedback



how many types of accounts in accounting language?..

Answer / neha

3 types of accounts are there in accounting language.

1.personal a/c

2.real a/c

3.nominal a/c

Is This Answer Correct ?    99 Yes 7 No

how many types of accounts in accounting language?..

Answer / chandana

In accounting there are mainly two types of accounts such as:
1. Personal Accounts
2. Impersonal Accounts

1.Personal Accounts: It deals with names of the persons,
name of the organisations et. For examples rama a/c, sita
a/c, Sbi a/c, Anand and co a/c etc
2. Impersonal Accounts: Under this there are two types
a. Real Accounts: This deals with all the assets like land,
furniture, buildings etc
b.Nominal account: This deals with all the expenses, losses,
incomes and gains of the business like salaries, commission etc.

Is This Answer Correct ?    55 Yes 7 No

how many types of accounts in accounting language?..

Answer / koteswara rao

THERE ARE TWO TYPES OF ACCOUNTS ARE THERE

1. PERSONAL ACCOUNTS
2. IMPERSONAL ACCOUNTS
IMPRESONAL ACCOUNTS AGAIN TWO TYPES

1. REAL ACCOUNTS
2. NOMINAL ACCOUNTS

Is This Answer Correct ?    40 Yes 3 No

how many types of accounts in accounting language?..

Answer / supriya

Accounts are two types
1. Personal Accounts
2. Impersonal accounts
3. Representative Personal Account
In that-------------
1.Personal Accounts:-----
A) Natural Persons:names, etc
B)Artificial persons:banks, Companies & firms etc
2.Impersonal Accounts:--------
A)Real Account:cash, assets etc.
B)Nominal Account:Expenses, Incomes & Losses, Gains
3.Representative Personal Accounts:-----------
A)Out Standing expenses, prepaid expenses etc.

Is This Answer Correct ?    11 Yes 2 No

how many types of accounts in accounting language?..

Answer / latha devi vazir

There are three types of accounts.
1.Personal accounts,
2.Real accounts,
3.Nominal accounts.

Personal accounts: accounts related to Individuals and Business Organisations are prepared under this head.
Rule:DEBIT THE RECEIVER AND CREDIT THE GIVER.

Real accounts:Accounts relating to the properties of the proprietor are called real accounts
RULE:DEBIT WHAT COMES IN AND CREDIT WHAT GOES OUT.

Nominal accounts:Accounts relating to expenses, incomes, losses,and gains are called Nominal accounts.
RULE:DEBIT ALL EXPENSES AND CREDIT ALL INCOMES AND GAINS.

Is This Answer Correct ?    9 Yes 0 No

how many types of accounts in accounting language?..

Answer / harish

The journully 3 type accounts in accounts language.
1 personal A/C and impersonal A/C
2 Real A/C
3 nominal A/C

Is This Answer Correct ?    16 Yes 11 No

how many types of accounts in accounting language?..

Answer / martha armas

personal fisicas.personal morales(empresas)nominal rea;

Is This Answer Correct ?    6 Yes 5 No

how many types of accounts in accounting language?..

Answer / rakesh sharma

In accounting there are mainly two types of accounts such as:
1. Personal Accounts
2. Impersonal Accounts

Is This Answer Correct ?    4 Yes 4 No

how many types of accounts in accounting language?..

Answer / raktima

THERE ARE 19 TYPES OF ACCOUNTS

Is This Answer Correct ?    2 Yes 6 No

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