What is the nature of bank account:
a) nominal
b) real
c) personal

Answer Posted / rajanikar reddy

C

Is This Answer Correct ?    170 Yes 17 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Do you know what is liabilities and what all does include in current liabilities?

599


What do you mean by material facts in accounting?

624


IF ONE SUB CONTRACTOR GIVE US BILL OF RS.120000 FOR APRIL,RS.110000 FOR MAY & RS.180000 FOR JUNE WITH LABOUR CHARGES INCLUDING VAT @12.5%.HOW MUCH AMOUNT SHOULD WE DEDUCTED AS A WCT TAX?

1701


What are the reasons which cause pass book of the bank and your bank book not tally?

564


I wana give interview as a accountant what the question will asked by interviewer ??? Please suggest me so I can clear inteview. abhinandan

1559






can any body tell me the procedure to learn accountancy with easy tips.i.e., layman accounting policy and rules of debit and credit.

1666


Detail your responsibilities in accounts receivable

607


In the case of stock transfer from one branch to another branch any reverse credit is applicable.

1573


1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax

1733


Explain some of the accrued expenses and the accounts in which you would record them?

596


i got a case study in which theie is a chemical company group which has 12 companies in all, few in Europe and few in USA, my question is should i have only 2 COA as per the standard like US GAAP and IFRS or should i have COA based on country location.

1428


Do you think accounting standards are mandatory and why?

692


Explain me have you ever heard about tds, what it is?

629


Do you know overhead in terms of accounting?

654


What would be journal entry for--Encashed a bank draft belonging to X? Ans as given in textbook is Bank account debit to Cash account credit.......But shouldnt it be Cash account debit to Bank account credit...Wat do u guys feel??And do explain ur answers..Thnx in advance

5792