What is the Difference between Real Accont and Nominal
Account?
Answer Posted / gajendra
real account is real which we can see it cash .machine and
land its a real thing so it is a real account dabit wt
comes in and goes out
Nominal account - in this account all included expenses and
loses rent, paid salery paid. this account relating all
enry is shown profit and loss account ,
Is This Answer Correct ? | 37 Yes | 8 No |
Post New Answer View All Answers
Prepare a trial balance from the following :- Particulars Amount Particulars Amount Rs. Rs. Purchases 8225 Premium on lease 1200 Wages 1025 Loan on mortgage 2500 Sales 12450 Plant & machinery 2000 Arun's capital 13500 Provisn for doubtful debts 300 Stock on 1/1/98 1500 Sundry debtors 16550 Salary 410 Trade charges 200 Rent & taxes 162 Bad debts 200 Sundry creditors 2572
what is the difference between planned and non planned budgt
how can make configration related with electronic bank statment and how can i upload bank statment to system
During Cutover Activities of New SAP Implementing Company what we have upload for Closed Fiscal year (that means Legasy to SAP ) Balance sheet or Trial Balance , What is the difference of the Both?
What is the meaning of Receipt & Payment, Income & Expenditure, Profit & Loss A/c? Under What cercumstances these are prepared?
What is invoice accounting rules?
what is pre post expenses
What is mean by Reserve on Consolidation?
Distinguish between sale and consignment
what are the difference between banking institutions and financial institutions?
the total of a firm id a rs.6.4 lakh.he has gross profit margin 15% curre ratio of rs.2.5 the firm current libility is rs.96000,inventry, rs.48000 and cash rs 16000. determine the average inventry of firm iss 5 times determine the avg collectin period of opening balance.
what do you meant auction? what is F & o segment?
what amounts to appropriation of profits? When provision for taxation does not amount to appropriation of profits?
Erection and Instalation charges of Rs 7500 to Lift was debited to repairs and maintenance account. Rectify it
What is dematerialisation and its benefits?