give me some simple examples of personal account, real
account, nominal account
Answer Posted / deepak
personal a/c is the receiver a/c dr or the giver a/c cr
real a/c is what comes in dr or what goesout cr
nominal a/c is expense and loss dr or income and gain cr
Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
sir, I wanted to know what is the difference between cash and cheque payment in terms of tax.
In which account does the unpresented cheque will get recorded?
a cc. has balance Rs. 8,40,000 at the credit of profit and loss a/c this balance is used for redemption of debentures what will be the entry
Explain how you can adjust entries into account?
Hai i have completed MBA in HR(major) And Marketing (minor). Now applying FInance if it possible please tell me
Scope and nature of Accounting
How to group the companies in tally?
What qualification do you need to become an accounting professional?
What is accounting chart of accounts?
Recent banking question for 2015 interview for scale2 exam of sbm
Define each Flexfeild qualifiers (natural accounts, balancing acc., secondary tracking, cost center)
what is inter-company transaction? what is Inter-Branch transaction?
Fundamental accounting assumptions are (a) Materiality. (b) Business entity. (c) Going concern. (d) Dual aspect
What is Time capital
What is an over accrual?