what is difference between nominal and real account
Answer Posted / shreerama
Real A/c Shows : Dr What comes inside the business
Cr What goes outside the business
Nominal A/c Shows : All incomes or gains is Cr
All Expenses or Loss is Dr
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
distinguish between price rate and time rate?
Do you need an income statement if you do part time contract work at home?
Why not we must to created Provision & Reserve? And if we're not to recognized what the effect will be?
Under the accrual basis of accounting incomes are recognised at the time -------------------
Expand-------NABT
why do u want to join bpo sector
Short Answer on _________________City Compensatory allowance
What does stand for EPD,MIS? Can anyone tell me briefly n clearly about this?
If in a PO, the freight condition is mentioned as Air freight and the material is actually received by Road, how does the system check before making the necessary accounting entries?
how many types of practice accounts?
What is Analysing
what are the difference between banking institutions and financial institutions?
paid two years rent N1200, bought Motor van for cash N3000
How do we return the loan in equal installments with interest in tally
Expand CASA