Answer Posted / maruthimuralidharan
Those accounts which are visible to us and touchable by us and recognize them are falling under the Real account.
for example. Cash account. we can able to see (visibility) and we can able to touch it and we can able to feel it also. so cash account is a real account.
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
Is it necessary after every journal entry to show its treatment in P&L a/c? Eg. if I am asked to show journal entry of purchasing furniture & fixture on 1st Aug 06, i.e. Furniture & fixture a/c Dr. To cash/bank a/c Along with this, I have to pass following journal entry on 31st Mar 07?? P&L a/c Dr. To Furniture & fixture a/c
how can i settle the party ac with cr & dr
Received Invoice from Tvs Co. against purchase of 15 pcs of Mouse @ 750 excluding VAT 4%, Pass journal entry in the necessary books of accounts?
What is account receivable?
what's the mean by Imprest system? Please give me Replay on this no. 9885789716
What is the abbreviation for the accounting terms debit and credit?
What will be the journal entry of purchase and sale for ac purchased for 40000 vat 5% sold for 45000 vat5%
What is a comprehensive income?
What are mis reports?
what is the amount withdrawlfrom other cbs branch by multicity chequ book.
I have deducted Notice pay Rs. 5000/- in which account to be booked the same enty, what is the head for notice pay in profit and loss a/c.
Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
what is a state cheque? how it differes from stale cheque?
Mention what does the investment of personal assets by the owner will do?
what made you take up present subject/area of specialization and what would you define as your career objectives