What is personal a/c ,real a/c

Answer Posted / ashwini


Personal Accounts: Accounts dealing in the name of persons
company etc.

Real Accounts: Accounts dealing in the name of which one
exists. example Cash Furniture etc.

Nominal Accounts: Account dealing with one we cannot see
touch - example: Salary Electricity Charges Rent etc.

Is This Answer Correct ?    24 Yes 6 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Tell me what is the difference between accumulated depreciation and depreciation expense?

618


Tell me what steps would you take to increase revenue for this company?

585


over draft balance as per cash book (journal entries needed) a,cheques deposited in bank but no entry was passed in cashbook b, credit side of the bank, column cash short c, chques received but not sent to bank d, insurance premium paid by bank as per standing instructions e, credit side of bank, coloumn cash short f, bank charges entered in cash book twice g, cheques received returned by bank but no entry passed h, cheques issued returned on technical grounds i, bills directly collected by bank j, bank charges debited by bank k, cheques received entered twice l, bills discounted dishonoured

2276


Why are accounting standards necessary?

651


Explain miscellaneous expenditures & profit and loss account debit balance

590






Please let me know Under head of Sales Advance?

1509


WHAT IS MIS REPORT IN ACCOUNTS ? WHAT IS ITS USE IN ACCOUNTS & GIVE WITH AN EXAMPLE ?

1919


List out some of the examples for liability accounts?

586


Sir how the enter of GST adjust of sales return

1188


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

1616


iam working with tally ERP.9,but iam dont prepared reconciliation,trial balance,profit&loss,balance sheet etc.bcoz all these activicties done in head office.plz give me citeria where iam prepared.

2582


How does accounting contribute to the community?

635


How calculate holding company account?

1624


dear sir,how to maintain petty cash book. its voucher and posting on cash book and ledger A/c?

1021


What are the disadvantages of double entry system?

554