Interested to Buy Any Domain ? << Click Here >> for more details...
What are accounting Principles?
- 152 Answers
- 338115 Views
- Accounting, Banking, Eskom, EXL, Finance, Fluor Daniel, Genpact, HSBC, IBM, Infosys, JPMorgan Chase, State Bank Of India SBI, Syntel, Vibha Seeds, Wipro, Wrox, I also Faced
- E-Mail Answers
Answer Posted / p. srikar
An account is a summary of record of all the transcations
releating to a Person, Asset, Expences are gain. It is 2
sides the Left hand side called Debit and Right hand side
called Credit. Accounting is a bradly classfice in to 3
types. These are..
1) Personal Account :- This accounts of Persons with whom a
concern carries on business personal account may be
a) Account of Natural persons such as Ramakrishna,
Kishore etc..
b) Account of Artifical persons are a Group of Bodies
Such a Bankers, Universal trading co. etc..
c) Represenative personal a/c. such as Salaries, Prepaid
Insurance etc..
2) Real Account :- This accounts releating to Properties
are Assets of a Trader known as Real a/c. It's include
Tangable Assets. Eg. Building, Furniture.. Intigable Assets
Good will, Petent..
3) Nominal Account:- Account dealing with Expenses, Losses
and Gains, Incomes. Eg. Salaries Rent etc
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
Are You Able To Work In A Computerized Environment And Spend Long Hours At The Computer?
What do you know about PPF Account? Do you have a PPF account?
When was NABARD established?
How can the inflation be measured?
How do you calculate treasury stock?
While putting a business plan to a Venture Capitalist firm, how will an entrepreneur price his/her business idea
What are preference shares? What are their features?
How can a company invite public deposits through advertisements?
What is open market operation?
Give one point of difference between debit card and the credit card?
How will your education help us in improving the banking services?
What are the two accounts,automatecly closed?
What is meant by priority sector?
What is 'alco'?
What is discount accretion?
