Interested to Buy Any Domain ? << Click Here >> for more details...
Why Copyrights,patents,goodwill etc.etc. falls under real
account and not nominal or personal account?
I know anything which affect trading & Profit & Loss
accounts are nominal accounts.And the above do not affect
the Trading or P/L accounts but on the other hand they are
intangible and neither can they fall under real accounts as
Real accounts are those that are not personal and they are
tangible.
Again in another way if we see, Patents, Copyright ,Goodwill
etc. etc. kindoff acts as a representative of a person or a
company like in the same way as a Bank or Company name,so
they can they not fall under Personal Account??
- 1 Answers
- 12671 Views
- I also Faced
- E-Mail Answers
Answer Posted / pradipta
Copyright, patent, goodwill... all r intangible assets. So according to our golden principle of accounting all assets falls into real account irrespective of their tangibility and intangibility.
| Is This Answer Correct ? | 16 Yes | 1 No |
Post New Answer View All Answers
What elements of your job do you find most difficult
Prepare a trading account, profit and loss Account and Balance sheet form the following trail balance and other adjustments as on 31.12.2009 Adjustments: 1. Closing stock R 7060 2. Allow interest on capital at 6% p.a 3. Insurance prepaid Rs 60 4. Depreciate Building and furniture at 10% p.a. 5. Wages due Rs 40 6. Provide 10% RBD and 5% on debtors and creditors 4. From
service tax form no ? What is CC Limit ? What is branch accounts?
what is the global prameters why are you selecting for the negative posting period allowed, defalult value date,proposed fisal year
what is assessment? how many types of assessment will be there? and what is the documents and preparations for sales tax, service tax assessments??
what is accounting in automobile
While we are bringing our machinery items to factory through a vehicle from other state to Andhra pradesh, is this correct to send our own state way bill along with the other state way bill.
Can I freeze my account?
if jj form not cancelled within 1hour,wat to do
what is the core accounts
Dear sir,i have completed M.sc,MBA.STILL I AM NOT GETTING WELL POSITION .I THINK ON LOW BUGET ON COURSE TO IMPROVE MY POSITION IN FINANCE FIELD.
give me only one transactions in both side (debit&credit) should be in real accounts
intorduse your self ? what to say if iam fresher.
WHAT IS GENERAL LEDGER HOW MANY TYPES OF IT, AND WHEN GL WILL USE IN WHICH SITUATIONS DESCRIBE ME
HOW CALCULATE ADVANCE TAX ? PLEASE EXPLAIN IT ?IN CASE OF FIRM, IF WE PAID FIRST INSTALMENT OF ADVANCE TAX.
