Traditional clasifications of accounts



Traditional clasifications of accounts..

Answer / satyaki_raju@yahoo.com

Accounts are brodly clasified into two
1.Personal accounts
2.Impersonal accounts
Personal accounts are subclasified into Three
1.Personal
2.Artificial
3.Representative
Impersonal accounts are subdevided into two
1.Real accounts
2.Nominal accounts

Is This Answer Correct ?    3 Yes 0 No

Post New Answer

More Accounting AllOther Interview Questions

What is the difference between Balance Sheet , Chart Of Accounts and trial Balance?

0 Answers   ABC,


EXPAND______________OBC

1 Answers  


Can you please help me calculate the pre tax profit for credit card for 2014 using the following Assumptions. Request you to list the steps used. Charges Late fee £12 per occurrence Over limit fee £10 per occurrence Cash fees 3% of cash withdrawal value Annual Fee £25 per account, per year Interchange 1% of transaction value KPIs Accounts overdue 10% per month Accounts over limit 15% per month Average APR 30% Balances revolving 90% of balance Average balance £900 at end of 2013 Expected growth in average balance (2014) 10% per annum Assumptions Open accounts 200,000 at 2013 year-end New accounts booked 5,000 per month Annual operating cost £50 per open account Cost of Acquisition £50 per account Provision rate 9% of total balances Annual cost of funds 4% by balance Charge off Unit charge-off rate in 2014 11% of accounts at 2013 year-end Unit charge-off rate in 2014 0% of accounts booked in 2014 Post charge-off recoveries 20% of balance Account Transactions Monthly turnover 5% of total month end balances Cash advances 20% of monthly turnover Additional Assumptions Please state any additional assumptions you have made to calculate your answer Thanks in advance,

0 Answers   Elevates Infosolution,


expand R O C

5 Answers  


What is insurance?

1 Answers   GMC,






can i have practical examples of AS-30

0 Answers  


wages posted twice what is the entry for that?

0 Answers   Genpact,


Since the interest rates on fixed deposits are very low as compared to the other growth oriented investment options, what are the permitted investment options that a public trust like that of a private school or small credit societies have and which are permitted by charity commissioner, Mumbai

0 Answers  


what is the meaning of fbt? tell me diffrent type of fbt rate? & when it will consider in accounting?

2 Answers  


what do you mean by debt equity ratio?

17 Answers   Arvind, Capital IQ, Raymond, Su Kam,


what is data entry? what is report generation ?in accounting how it is used .

0 Answers  


HOW TO CALCULATE NAV? If investment Rs 70000 ( unit 1689.197), dividend recd.Rs.10135.18

4 Answers  


Categories