What is the Difference between Real Accont and Nominal
Account?
- 16 Answers
- 58425 Views
- GE, KPMG, I also Faced
- E-Mail Answers
Answer Posted / rajesh kumar soni
Real account is the account of all assets . For example
Machine A/c, Land A/c etc.
Rule for it........
What comes in Dr.
What goes out Cr.
Nominal account is the account of all expenses and losses.
For example- Salary expenses, Rent Expenses, etc
Rule for it............
All expenses and losses Dr.
All profit and gains Cr.
| Is This Answer Correct ? | 80 Yes | 11 No |
Post New Answer View All Answers
capital introduced by partners? how it will be shown in tally? (i.e.at the place of Account what we have to post) (at the place of particulars what we have to post) (in which vocher we can post it)
Who is called consignor
What is accounts payable?
In financial management why we calculate the cost of debt, (cost of capital) while rate of interest is given.
what is non stock?
Which Exchange determine Foreign Exchange/Currency Rate?
Q13. Journalise the following transactions: Proprietor withdrew for private use Rs.4000/- from bank and 6000/- cash. Goods Costing Rs.5000 was burnt by fire. Purchase Machinery for cash Rs.150000/- and paid Rs.2000/- on its Installation. Charge 5% Depreciation on building costing Rs.200000/- and 8% Depreciation on Furniture costing Rs.5000/-. Prepaid Salary Rs2000/- Kapil who owed us Rs20000/- become insolvent and nothing is received from his estate.
what are the important steps to take during the conversion of an accounting system.
total capital stock
why specifically inited states ?
Have you worked with other on team endeavors
EXPAND___________IMA
You are given the following information in respect of a company: Fixed cost –Rs.13,000 Variable cost –Rs.14,000 Net profit –Rs.3,000 Net sales-Rs.30,000 Find out: a>BEP b>The profit for sales volume of Rs.50,000 c>The volume of sales to make a profit of Rs.10,000
If a bank lends money to FFMC's for working capital requirement, whether the Bank can have charge on the currencies FFMC deal/exchange, by way of hypothecation or is it just a clean loan.
Please share different type of Z report
