What are the 3 Basic Rules in Accounting.
- 167 Answers
- 563530 Views
- AAA, ABC, Accenture, Amba Research, Birla Sun Life, CTS, CWDF, DELL, Franklin Templeton, iGate, IHP, JPMorgan Chase, Lexi Pens, Mastek, Trinity Technologies, VC Engineering, I also Faced
- E-Mail Answers
Answer Posted / ambrose massey
PERSONAL A/C : These accounts deal with transactions
relating to persons or an organization.It can be classified
as
1- Natural Persons : Mr.A Massey,Triveni & sons, etc
2- Artificial Persons : SBI, ITC Ltd, Royal calcutta golf
club etc.
3- Representative persons : Outstandig persons,Prepaid
Salary etc
REAL A/C : It is an accounts relating to assets and
properties.
Eg: Land,Machinery,Building,Plant,Cash,Bank,Stock,etc
NOMINAL A/C : It is an accounts relating to
expenses,losses, income and gain.
Eg: sales, purchase, salary, wages, rent, enterest, etc
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
WHAT IS THE DIFFERENCE BETWEEN COST CONTRL & COST REDUCTION
Expand---------DBPC
What are the major responsibility's of an accountant? what are the qualities he /she requires?
how u can control stock movments....like issuing raw materials receiving...in practical way..basically in ,y org we r using bin cards,barcodes etc but somehow need more concentration... help me frds..
What is written off?
I have scooter , and its insurance expired for the past 1 yrs and i need to renew it ? how to , explain?
How will we calculate T1, T2 capital in CRR(Cash Reserve Ratio)?
Hi Im Arun D. I m short listed for Karnatka bank interview. Can anybody share ur experiences regarding Bank interview of karnatka bank which was held on dec for Clerical post. Please help me I f u can. thanx in advance
Expand SOIT
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
while i creating a main asset master there is a error called process being terminated? pls send the solution
HOW TO CALCULATE ESI,P.F,VAT,I.TAX,EXCISE,C.S.T.REFUND CLAIM, E.T.C. IF YOU KNOW ANY OF THIS PLASE REPLY
What is the important of cash in a business unit
Please define Transaction Type , Movement Type , Asset Transaction Type , Item Type & Document type. Please also give examples of each of them
Dear Friends, Please help me with the below, I am new to the current company and newly accountant. My question is, In Balance sheet, Cash in Drawer is showing excess amount and I could not tally it with sales. Please guide me how do I need to tally CASH IN DRAWER? I don't want to reconcile. I only want to tally. Please help. Thanks in advance.
