Interested to Buy Any Domain ? << Click Here >> for more details...
what is the different between nominal account and real
account ? and then personal account ?
- 2 Answers
- 5799 Views
- I also Faced
- E-Mail Answers
Answer Posted / e. sivakumar
Personal A/C : - Debit the Receiver - Credit the Giver
Ex: Individual Person, Bank Etc..
Real A/C ; - Debit What comes in - Credit What goes out
What ever Assets purchased & Sales
Nominal A/C : - Debit all Expenses - Credit all Incomes
Which use to P&L
| Is This Answer Correct ? | 9 Yes | 2 No |
Post New Answer View All Answers
What entry to be passed for Duty draw back as receivable
Please describe your experience in inventory reporting & valuation including reconciliation of inventory accounts.
What are the fictitious assets?
What is BRS Adjustment entry?
what is the head for stock trnasfer
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
What is meaning of invoice?
A company purchase goods Rs.2000/- & input vat received rs.100/- but at the time he sold goods 1000/- as a sales & 1000/- as a sock transfer. plz tell me how much take input claim in this case.
sir I heard from some body that he received more money than requested in an ATM.Is it possible, if yes what is the remedy ?
How many types of business transactions are there in accounting?
When Tds is applicable to deduct and wht is rate for different work panel?
Define partitioning in accounting?
how will you adjust voluntary seperation payment in cash flow statement
TDS %AGE ON CALLIBRATION CHARGES BILL
What have you read in the newspapers in the last few days that particularly interested you?
