what type of acounts is share application account
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 |
Post New Answer View All Answers
hi i want to run vendor debit memo after he paid all amount i want to give discount through miro i am giving the price and quantity and run in through miro the system will pass another two more line iteams extra and shwoing dr/cr balance +/- when i will increase the amount this is also increasing what is the reason i dont know please send me immediately
WHAT IS THE DIFFERENCE BETWEEN ESTIMATED BALANCE SHEET & PROJECTED BALANCE SHHET
in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?
Explain what is liabilities and what all does include in current liabilities?
What is batch input? why we use batch input session in SAP(FICO)?
iv, A non -performing asset is A, Money at call and short notices b, An asset that ceases to generate income c, cash balance in till d, none of the above
how intangible assets are entered in B/s. plz send me the answer of this question in my e-mailid-prabhatsingh873@gmail.com
if we have provision for bad debts and RDD then on which amount we have to calculate RDD original or deducted?
what is the deference between depreciation explanation
how to do asset appreciation in sap?
In which book we can learn in detail of closing stock valuation. And if any site is available kindly help.
Why are accounting standards necessary?
What is the difference between cfa and csa?
I purchased a machine and finance it by bank with the amount 1900000 and bank apply the finance charge 440000 for 3 years finance how to pass this entry still machine value is 2200000 is finance charge is interest (indirect exp.) pls help me.
what is windows dressing final accounts?,sales a/c belongs to which a/c type?