What is the nature of bank account:
a) nominal
b) real
c) personal
Answer Posted / deepak
Bank comes under personal accout (artificial personal a/c)
why aritificial personal means it indirectly represent a
person, option C is the answer
| Is This Answer Correct ? | 102 Yes | 13 No |
Post New Answer View All Answers
6. Your grandfather is 75 years old. He has total savings of Rs.80,000. He expects that he live for another 10 years and will like to spend his savings by then. He places his savings into a bank account earning 10 per cent annually. He will draw equal amount each year- the first withdrawal occurring one year from now in such a way that his account balance becomes zero at the end of 10 years. How much will be his annual withdrawal?
What is an ea in accounting?
we had company we provide work others they deducted tds how to pass entries in my company please tell me
What are the effects when intangibles and tangible assests decrease
What qualifications have you achieved?
Mobile on Rupees 2000 purchase for office use not for staff....What entry in accounts..?????
if company having a loss consecutive last more than 2 years, Depreciation on equipment should be appear in profit and loss a/c or pass the provision entry every unless company not recover profit. Please explain.
how to pass journal entries for reverse tax on input tax paid
What is the difference between provision and reverse?
What is tally accounting?
EXPLAIN EACH SECTION PROVISIONS ON TDS?
WHAT IS THE PORTFOLIO MANAGMENT SCHEMES ? ITS WHICH TYPES INCOME ?
Mention whether the account "cash" will be credited or debited when a company pays a bill?
what are the steps for the payment cycle of the firm or company?
why are accounting firms needed?