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Give some example of real,personal & nominal accounts , &
which kind of a/c reflect p&l & BS.
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Answer Posted / satyaki_raju@yahoo.com
Mr No I think that your parents didnt name you so far. Why
you people are playing and wasting time.Feel response and
plan yourself.
Mr Murali do you knoww what you write.Your answer carries
no meaning
The question is give some examples and their placements
You observe the answers
Accounts are clasified into 3
Personal accounts,Real accounts and Nominal accounts.The
clasification is meaningful
Personal accounts--- To do business we have to maintain
contacts with persons and organisations formed by persons
Real accounts--- It deals with assets of the business
Nominal accounts---- It deals with expenses and incomes of
business
Examples
Personal Supplier and customer
Real accounts---- Furniture
Nominal accounts- Sales, purchases
Nominal account balances will be placed under Profit and
Loss account
Personal accounts and Real accounts will be placed under
Balance Sheet.
In this juncture I will be pleased to advice you. Commerce
is a good subject. Dont neglect to improve it.
I am a Tax Practitioner doing since 35 years, with interest
I composed 6 sets of question papers along with answer
books. If interested pl send e-mail to me
| Is This Answer Correct ? | 378 Yes | 61 No |
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