Interested to Buy Any Domain ? << Click Here >> for more details...
What is the types of accounts & it's rules ?
- 18 Answers
- 72552 Views
- WNS, I also Faced
- E-Mail Answers
Answer Posted / arifat bhat
there are three types of accounts.
1. PERSONAL ACCOUNT:- the element or accounts which
represent persons and organisation. e.g mohammad, Ahmad &
co.
Debit the Receiver
Credit the Giver
2. REAL ACCOUNT:- the element or accounts which represent
assests. e.g furniture,attached things etc.
Debit what comes in
Credit what goes out
3. NOMINAL ACCOUNT:- the element or accounts which
represent incomes,expenses , losses,gains.
Debit the Expeses/Losses
Credit the incomes/gains
| Is This Answer Correct ? | 64 Yes | 6 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 are the financial ratios that a manager see in accounting?
when calculating for np% do i include interest or do i take it off
what is leverage n detail and tpoes of leverage with iagram?
What is meant by retiring Bill
What is mamimum rate of CST applicable on Plastic Doors in NOIDA?
What is ABC Analysis in industrial function. hw can it s maintain ?
What is COVER payment?
In sales what rule applicable
WHAT IS CORPORATE ACTION?
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
Define the word Profit in terms of business
what is the frienge benefits tax?what is usefull?
If someone knows about the test pattern of Junior executive accounts than please share.
Dear Sir, My qus is my co. purchase a laptop from Abc.co. for rs-37200 on credit Emi basis from hdfc bank. i paid every month 6200rs as a installment. so i want to know how i make a entry in tally 9. and also want to know i creat laptop ledger under fixed assets or office expenses. plz tel me soon.or mail me .
