Give some example of real,personal & nominal accounts , &
which kind of a/c reflect p&l & BS.

Answer Posted / liz

Hi P.K.
Thanks for the simple but relly good examples given.
I am not a commerce student but I was trying to understand
the rules of accounting for so long with different Google
searches, finally I got your answer which clarified my
confussions.... :)

Accounts is very intresting but sometimes I feel its
complicated for no reasons....

But I very happy now...

Is This Answer Correct ?    59 Yes 25 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

All shot cut key use in the tally software & it's uses

1614


What is the difference between reserve and provision.

1802


let me know the minimum Accounting Heads in an accounting system

4223


when assessing the credit proposal of a prospective borrower if he gets internal rating below the hurdle rate what will you suggest as a banker

1664


I have complited my ERP course in FICO module. Now I want to work in ERP package. Please suggest me how I will apply for the organisation works in ERP environment.

1450






PO Amount is 100000 Jv is Purpose A/c To Party A/c First payment is 10000 TDs is 1000 What is the Payment enter in tally

1761


HOW TO MAINTAIN BANK A/C

1624


fd redeem interest and principal entry in tally

661


3.In TALLY,we used to call tally erp 9.like that,in sap we used to call SAP ECC 6.0.here what is ECC?,i know the abbreviation of ECC.i want to know the role of ECC?

1768


what is the entry for goods sent from one factory to another under inter branch transfer sale of the same compny and what should be the valuation for this purpose?

1580


Apportion Rs 125000/- Nett loss among the partners A,B,C as per their sharing ratios 32%,16% and the balance to C. Pass journal entry

1567


How good are you at Finance?

1653


How can a company reduce profit

1522


What is back value adjustment/correction in Nostro Reconciliations?

7174


Short Answer on _____________Whole Sale Trade

1677