Interested to Buy Any Domain ? << Click Here >> for more details...
What is the types of accounts & it's rules ?
- 3 Answers
- 5928 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / darvesi
General we have 3 types of accounts.
1.Pesonnel account: it deals persons account
Debit: Receiver
Credit: Givever
2.Real accounts: It also calls as properties account
Debit: What comes in
Credit: What goes out.
3.Nominal Accounts: Expenses accounts
Debit; All expenses and losses
Credit:All revenues and incomes.
| Is This Answer Correct ? | 10 Yes | 0 No |
Accounts are classified into 3 types they are as follows 1)
Personnel Accounts; 2) Real Accounts; & 3) Nominal Accounts.
Personal Accounts:
Debit: The Receiver
Credit: The Giver
Real Accounts:
Debit: What Comes In
Credit: What Goes Out
Nominal Accounts:
Debit: Expenses and Loses
Credit: Incomes and Gains
| Is This Answer Correct ? | 8 Yes | 0 No |
Answer / g.deepika
accounts are of two types:
1.Personal accounts
2.impersonal accounts
1.personal account:its deals with person name,company etc..
Rule:debit the receiver, credit the giver
2.impersonal accounts are of two types
a)Real account
b)nominal account
real account deals properties,in short account of all assets
rule:debit what comes in credit what goes out
Nominal account deals in expenses,incomes,profit of a
particular co
rule:debit all expenses and losses credit all incomes and
gains
| Is This Answer Correct ? | 2 Yes | 0 No |
WHAT IS INDIREDT EXPENSES
WHO ARE THE PROMOTERS?
What is meant by Repo Rate and Reverse Repo Rate.
28 Answers Andhra Bank, Capital IQ, Idbi Bank, Search Enterprises, State Bank Of India SBI, WNS,
what is the difference between accrual and provision
Cn i know full information about ESI & PF.
define cost of goods sold
What is Average Due date
what is ZBA hold & balance hold in banking?
Who are called as partners
What do u mean by CTC.
Expand ------UNDP
what are the 6 M's of management?
26 Answers Management, Ram Infotech, State Bank Of India SBI,
Audit 
