How many types of account example pls
Answer Posted / ankama rao
broadly classified into two two head
1)personal accounts
basic rule:
debit the receiver
credit the giver
2)impersonal accounts
a)real accounts
basic rule:
debit what comes in
credit what goes out
ex:tangible assets such as buildings,
furniture,cash etc and also intangible assets
such as goodwill,trade marks etc.
b)nominal accounts
basic rule:
debit all expenses and losses
credit all incomes and gains
ex:salaries account,rent account,
commission account etc.
Is This Answer Correct ? | 3 Yes | 1 No |
Post New Answer View All Answers
i have completed my MBA with finace background. am intrested to learn oracle finace.can you suggest me which are good instittues in hyderabad.at area wise.
what is the main link between the income statement and the balance sheet?
plz send me the accounting questions and answers of bank of america.
what are the content of purchase order?
What is Risk Assessment?
whether unsecured loans written off can be transferred directly to capital reserve without crediting it to profit and loss account
Suppose the production is more and sales less then what will happen
company accounts introduction?
i want to know the TDS deduction Chart for 2008/09 Eg : professional fee ,contractors ,subcontroctors. rent . ............
what is the document spliting?
Short Answer on ________Ad-Valorem Duties
Hi friends can you send me the Accounting Interview questions with a interview experienced questions please
what is GL Balance
what is new updates in account
Dear All, Could any body send me the format of Delivery Challan? What is Even Transfer and Branch Transfer?Please let me know if any body knows? ekathirvel@gmail.com