Interested to Buy Any Domain ? << Click Here >> for more details...
KINDLY EXPLAIN THREE TYPES OF ACCOUNTS WITH EXAMPLES
- 7 Answers
- 41194 Views
- DCA, I also Faced
- E-Mail Answers
Answer Posted / gauravmba
There are three type of accounts
Real A/C- what says"debit what comes in credit what goes out"
example- when we purchase the assets any kind of
it'car,motor cycle,building,furniture etc" in cash
apply the real a/c rule-Car a/c debit & cash/Bank will be credit
why bcs,assets comes in to business so we debited the same &
cash is going out of business so we credited
Personal A/c-says " debit the reciever credit the giver
example -
we apply it at the time of payment & reciept Transaction
like we do payment in cash to ram
ram is the reciever so we debited
cash is real a/c(now apply what is going)so we credit cash
Nominal A/c-debit all exp & loses credit all incomes & gains
telephone exp paid in cash
Telephone exp is nominal A/c that is why we debited
cash/bank is real a/c and is going out of business so we
credited
another reason of crediting cash, whenever we decrese in
assets it will be credit
| Is This Answer Correct ? | 54 Yes | 11 No |
Post New Answer View All Answers
Tell me about a situation where you showed determination?
What is the use of 2a, 2b & 2c form in CST ?
when & how interest on unsecured loan is calculated?
What does the investment of personal assets by the owner will do?
What are the accounting entries for branch accounts?
one bank account transaction example ebanking raj medical 500000 dr. second bank account ebanking raj medical 500000 cr what is the entry in tally erp can it is contra contry or not please explain
cash credit taken from bank then what is the general entry?
What are the various systems of accounting? Explain them.
hai! i am a BE(computer science) graduate with 54% of aggregate looking for bank clerk job? in interview they are asking why are you looking for a bank job and what guareente that once you are selected ? plz guide me?
My question is.. I Received the amount from party through the bank. example. 1. Actual received from party $1000 @ 32.70 = 32,700 baht(service charge included ) 2. Bank Charge 500 baht 3. Given the credit to pary $ 1000 @ 32.50 = 32,500 baht 4. and bank charge 500 debit on party account also. .... For the First three transacion on account bank account dr 32200 bank charge dr 500 party cr 32,500 ex. fluxation cr 200 how can treate the 4th transaction. thanks in advance
Cash bill of sale so the company can deduct the amount.
Do you have any idea about gst?
What is corporate assesses?
What is the difference between perpetual & periodic inventory system?
What is the difference between accumulated depreciation and depreciation expense?
