How many types of account example pls
Answer Posted / jitendra kotwal
There 3 types of Account:-
1. Personal Account - Debit the receiver
Credit the giver
Eg. Name of the person- A/C Kishore,A/C Vedant
---------------------------------------
2. Real Account - Debit what comes in
Credit what goes out
Eg.Property A/c, CashA/c
----------------------------------------
3. Nominal Account - Debit all expenses & losses
Credit all profits & incomes
Eg. Salary A/c, Rent paid
Is This Answer Correct ? | 5 Yes | 1 No |
Post New Answer View All Answers
Process of the settlement cycle?
hi guys, pls refer me how to preppare for Indian Bank exams.
Expand--------TOS
what is contigent liabilities? whats it status in balance sheet?
Purchase book is a ----------journal
describe the most complex challenge that you have faced and how you managed it
What is Accounting on Computers
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
What is SOX
i want the difference p&l a/c and Income and expediture statement
what would you contribute for bhels growth
how to solved the shares qusionas ?
Reserve Capital and Reserve Capital
how to calculate IT? if bank intrest:1036 , long term capital gain:448841 short term capital gain :894 , income from rent 225000, and income from other source 347478, Advance tax paid 25000,lic 101508, medicliam 6990 and tds recd.25000
How to increase our credit rating score quickly?