How many types of account example pls
Answer Posted / ravi
THERE ARE THREE TYPES OF ACCOUNT:-
1.PERSONAL ACCOUNT:-IN THIS ACCOUNT THE DEBIT(DR)IS
RECIEVER AND CREDIT(CR) IS GIVER
AND THE OWNWR IS CALLED CAPITAL
FOR EX.
QUS- ROHAN HAS DEPOSITED OF Rs.1,000.00 INTO BANK 1 JAN
2011 IN PNB?
ANS- RULES IS PERSONAL ACCOUNT
DATA ENTRY-
BANK A/C 1,000.00
TO ROHAN 1,000.00
2. REAL ACCOUNT-IN THIS ACCOUNT WE SEE THAT WHATS COMES
INTO AND WHATS GOING ONTO FOR ANY PERPOSE (Ex.
BUSINESS,LAND,BUILDING,ETC)
FOR EX.
QUS-RAM HAS DEPOSET Rs.50,000.00 ON 10 SEP 2010 FOR
BUSINESS?
ANS-RULES IS RAEL ACCOUNT (BECAUSE USE NOT FOR PERSONAL )
DATA ENTRY-
BANK A/C 50,000.00
TO RAM`S A/C 50,000,00
3.NOMINAL ACCOUNT-IN THIS ACCOUNT DEBIT IS ALL EXPENSESS
AND LOSSES AND CREDIT IS ALL GAIN,PROFIT(ALSO DISCOUNT)
(ALL RENT BILL COMITION PROFIT)
QUS-RAMESH HAS MADE FEW EXPEND RENT,ELECTRIC BILL AND
COMISSION Rs. 10,000.00,4,500.00 AND 2,500 RESPECTIVELY AS
ON DATE 15 MARCH 2011?
ANS-RULES IS NOMINAL; ACCOUNT
DATA ENTRY-
RENT A/C 10,000
EL. BILL A/C 4,500
COMMI. 2,500
TO CASH 17,000.00
| Is This Answer Correct ? | 4 Yes | 0 No |
Post New Answer View All Answers
In IGATE, 2 yrs bond for fresher and reverent experience 1 year bond. First z essay writing. “Unforgettable movement ur life” Tiz in ITPL IGATE stopping
Short Answer on ______Transaction
What si the differance between REVENUE and PROFIT?
what is the frienge benefits tax?what is usefull?
Hi all i did my M.B.A financ enw iam doing a job as a finance executive but i feel it is not good 4 me can any 1 plz guide me 4 the better career my job profile is (INVOICING)hw it is help me out 4 the better career shell i continu ein the same 1 by learning sap or oracle or shall i shift to any other if any other which job is suites to me plz suggest me
what tax will be on puchasing of sweets and is necessery to use form 38.
how to solved the shares qusionas ?
DIFFERENCE BETWEEN THE DEPRICIATION AND IMPOSEMENT? DIFFERENCE BETWEEN THE CAPITAL LEASE AND FINANCE LEASE?
i m a student of icwai i have just passed out my foundation and i wanna no if i should go for both intermediate group together or not....
what is the use of special general ledger if the normal trasaction in usage.
In Oracle Applications will Translation will create any journal entry then what is the journal entry what are the accounts affected
Provision of Bad Debts is made in compliance with the convention of -----------
Short Answer on __________Accrued interest
i have one question.when using fbra for reset clearing,message exchange rate different was posted and i have do reversalon the same time using fb08 but unfortunately i' m not authorize to use this transaction.my collegue only have.so how should i do.please advise
what is automatic payment in sap fico