Answer / anil gautam

real a/c "dr. what comes in and cr. what goes out"

nominal a/c "dr. alll the expenses and losses cr. all the
profit and gains"

Answer / santau das

Real accounts only deals with the assets but nominal
accounts deals with expenses and incomes.

Answer / dinesh

Real a/c : Debit what come's in & credit what go's out
nominal a/c : debit all expence & all losess credit all
income & gains
In real a/c whatever things we can see,touch & feel it all
come's under real a/c. eg: bldg,machinery etc..
In nominal a/c we record only expence & losess and income &
gains for eg: interest, depreciation etc.

Answer / ashwini

Accounts dealing in properties, such as Cash,Building,
Machinery etc., are known as Real Accounts.

Accounts that record expenses,losses and incomes are called
Nominal Accounts

Answer / satyanarayana raju

Nominal accounts helps us to know the result of the venture
Real accounts will be placed in Balance sheet and will help
us to know the financial status of the orgonisation

Answer / aurosnigdha bose

real a/c includes all assets n properties but nominal a/c
includes all expenses n losses

Answer / komu

Real a/c ; Dr' what comes in and Cr' what goes out
Personal a/c ; Dr; the reciver and Cr' the giver and
Nominal a/c ; Dr' all over expense and loss and Cr' all over
incomes and granis (profit)

Answer / mns

All tangibles are Real account. All intangibles are nominal
account

Answer / vishakha

NOMINAL A/C SHOWS THE BUSINESS GAINS OR LOSS AND THIS
ACCOUNT SHOW THE FIXED COST AND SEMI VARIABLE COST
EXPENSSES.
REAL A/C SHOW THE WHERE CASH & BANK BALANCES ARE INVESTED

Answer / shreerama

Real A/c Shows : Dr What comes inside the business
Cr What goes outside the business
Nominal A/c Shows : All incomes or gains is Cr
All Expenses or Loss is Dr

A trader quotes an article as sales price above 30% of its cost price.While selling he allows a discount of 15%.Then what will be the profit percentage on cost price

1 Answers  

the following figures given to you: 2008-09 Sales Rs.100000 Loss 10000. 2009-10 Sales Rs.250000 Profit 20000 Calculate: P/V Ratio, BEP, Sales to make a profit of Rs.40000, Margin of safety at at profit of Rs.2000

1 Answers  

Expand---------DBPC

0 Answers  

what is the meaning of invoice why company using this ?

1 Answers  

any other advice to prepare b.r.s easly

1 Answers  

Is there a need of Form JJ if we have Delivery Chellan?

1 Answers   VME Precast,

what is the difference between horizontal and vertical balance sheet.

0 Answers  

Revenue from sale of products is generally realized in the period in which 1.Cash is collected 2.When sale is made

3 Answers  

A----------involves transfer of money or moneys worth from one person to another

0 Answers  

what is mean by MIS?

21 Answers  

I am going to attend an interview for the post of Accounts Officer in NCMSL Co.(procurement co.),So pls help me for the interview.

1 Answers  

A person who owes money from business is a)lender b)debtor c)investor

3 Answers