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

Answer Posted / maharshi

nominal..debit all expense and loss while credit all income
and gain

Is This Answer Correct ?    1 Yes 3 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

WHERE WE CAN USE VAT 5%,14.5%

2117


I select in Vendor Master - in defualt data material - Purchasing Group as a Subcontractor but how to get report or list only Subcontractor Vendor Master in sap?

1576


Hi wht r da questions which are mostly asked in an Accounts related job for freshers?

1513


as  per partnership deed, salary to working partner is rs 8000/ per month (96000 annually), suppose if i have book profit of rs 50000/ only,then what is the procedure to give salary

2142


What is the revenue recognition principle?

640






Can you tell me entry tax will be applicable on Spectacles purchase from u s a  

1444


in tally software payroll vouchers option is there for what purpose it is used ? please tell me friends.

1626


Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?

6585


Which accounting applications are your familiar with?

605


what is an ideal organisation

1752


what is ment by suspence account and dummy account

1572


Can i put opening stock in new company during closing time

1244


How i should sellone the mobile phone when interviewer will ask sell this phone to me?

1103


Do you know marginal cost?

632


SIR HOW MANY FORM USE FOR COMMERCIAL TAX & WHAT IS THEIR USES. PLEASE GIVE YOUR SUGGEST

1608