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what type of acounts is share application account
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Answer Posted / bhavesh
i think share application acount is a nominal account
as whenever we make entry for eg
Bank A/c.......dr
To share application A/c
we recived cheque so bank account is real account as cash comes in
and share application is a gain an income for the company and thus it is credited i.e share application is in credit, credit the incomes and gains
so we cant say that it is a personal account
if we follow the personal account rules
share application account is credited
so it will be credit the reciver
there is no person (artificial or natural)
to recive it so it is not a personal account...
as per me...
| Is This Answer Correct ? | 14 Yes | 38 No |
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