Give some example of real,personal & nominal accounts , &
which kind of a/c reflect p&l & BS.
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 |
Post New Answer View All Answers
1.how can carry forward the balance of ledgers to the next financial year in tally erp 9
what do you mean by financial analysis and technical analysis ?
what is the uniform public construction cost accounting act?
Please share different type of Z report
1. The controlling department wants to see depreciation amount on internal orders. Which customizing setting do you need to make in asset accounting?(any 3 answer) Make the internal order in active assignment object. Make the internal order an account assignment object for the depreciation run. Set the field internal order to required or optional in the screen layout. Enhance relevant transfer variant by adding the field internal order. Assign the field internal order to account determination.
i want to sit for the written examination held by govt. sector like coal india, ongc for the post of accountant .. qualification ca inter.. plz any1 of u let me know on wht subjects the questions are asked and wht types of questions are asked... plz let me know.. plz
we want all sbi previous questions papers in our e.mail krishna2043 on yahoo
what is the meaning of call in arear
What is mamimum rate of CST applicable on Plastic Doors in NOIDA?
outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
ACCOUNTING STANDARDS ISSUED BY INSTITUE OF CHARTERED ACCOUNTANCY INDIA FOR PREPARING FUND FLOW STATEMENT
payroll calculation procedure explain completely?
what is the process to return sales tax file?how can i prepared s.t. file?what should be qualification for it?
whether financing to Bulk Milk Coolers comes under CMA under Agriculture or Non Farm Sector
What is money measurement concept