Interested to Buy Any Domain ? << Click Here >> for more details...
how many types of accounts in accounting language?
- 9 Answers
- 19488 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
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 |
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 |
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 |
Answer / martha armas
personal fisicas.personal morales(empresas)nominal rea;
| Is This Answer Correct ? | 6 Yes | 5 No |
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 |
explain the financialand economic meaning of investment?
Sales for ABC Company were Rs.150,000 for 2003.The beginning inventory was 30% of the cost of goods sold.The ending inventory was 50% of the beginning invetory.Selling expenses were 10% of sales and absorbed 30% sales.Income taxes were 30% of net income before taxes.
What is dishonor check?
what is deffered revanue expanditure
8 Answers Accenture, First Indian Corporation,
In activity based costing, costs are accumulated by A. Cost objects; B. Cost benefit analysis; C. Cost pool; D. None of the above.
what is book profit
with out college degree con't we dc accounting job?
What is PE ratio formula ?
What is operating profit ? how is it different from Gross profit ?
In order to comply with the matching principle, adjustment entries are made at the preparation of ----------
What are the ratios (in addition to current ratio) to be considered while preparing CMA data ?
how did you know about capitaliq? what is the meaning of iq.
9 Answers Capital IQ, Genpact, IQ, Neptune,
Audit 
