RESERVE A/c - What is the type of A/c means is this a Personal
A/c or Real A/c or Nominal A/c?

Answer Posted / unknown

It's nominal a/c as it is appropriated out of the surplus profits of the firm

Is This Answer Correct ?    8 Yes 25 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

What is meant by public accounting?

632


Capital reserve is - a) real account b) nominal account c) personal account d) none of them

478


What is corporate assesses?

1949


What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?

2169


what is use of cost category ? which type is useful in accounting work ? give answer with solid example because iam slow learner in accounting line.

1405






What do we mean by purchase return in accounting?

639


What would greater impact a firms valuation, a 10% reduction in revenues or 1% reduction in discount rate?

7803


cheque deposit is a contra entry?

1687


What is the meaning of scrap value in accounting?

715


What steps would you take to locate the errors in case trial balance disagrees?

621


Assigning natural account to accounting seg. What will happen

1599


What are depreciation and amortization?

647


What is band and why the company needs this?

1561


how to finalised the Balance sheet & profit & loss A/C

1831


as muthoot finance is a finance co,so what would be pattern of asking in relation to finance and a/c question?will it be basic or general or it would be market related situation?plz if help me anybody...

1743