how many types of accounts are there

Answer Posted / sanjay nayak

Answered by Sanjay Nayak 9959620964
1. Personal Account - Debit the receiver and Credit the giver
2. Real Account - Incoming are debit and outgoing are credit
3. Nominal Account - all expenses and losses are debit and
income and gain are credit

Is This Answer Correct ?    4 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

In tally when accounts with inventory ,when working in units of measurement under this after creating unit ,if we want to change the unit due to some mistake why does the cursor does not stop in the decimal field? And why the used units do not get deleted in the alter section?

1453


If a prospective client kept presenting you with excuses not to buy, what would you do?

739


X, PURCHASE HOUSE PROPERTY IN 2005, RS 400000,AND SALE IT IN2010, RS 1800000,IF X HANDICAP, AND IN 2008 MADE SENIOR CITIZON, HOW CALCULATE IT?

1621


Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP

1505


how will you adjust voluntary seperation payment in cash flow statement

1621






what is the difference between accounting and bookkeeping?

606


how to reduce the interesting giving to debts ?

1668


purchase plant and machinery

1105


if cheque bounced what we received from customers and payed to bank what entry should we create in single entry system

1578


ram paid to cheque rs 25000/- for comission what is the entry in tally can in this entry tds will deduct then what is the entry in tally and which voucher

1098


what is the meaning of written-off as goodwill written-off

4224


what will be the possible question for an interview in account post as a fresher

1528


Recent trends in Corporate Governence?

1844


What is the difference in accounting and marketing and what is so different about them?

621


What action could be taken by you and your manager to improve your performance in your current position?

13199