dear friends
plz let me know
what is the major point of difference between real,personal and nominal accounts.i am little bit confused in it so plz help me guys.
thanks & regards
tarun rustagi
4 Replies
Sunil Liladhar Kotak
(Manager (F & A))
(2025 Points)
Replied 01 July 2010
Dear,
Pls go through a good book with some good examples
it will hepl u to a great extent
Sunil Liladhar Kotak
(Manager (F & A))
(2025 Points)
Replied 01 July 2010
For Real Account
e.g. Cash - Rules Dr. what comes in
Cr. What goes out
(These accounts will form part of balance sheet )
For Nominal A/c - Dr. Expense -
Cr. Income
(These accounts will not form part of balance sheet )
For Personal A/cs- Cr the giver
Dr. The receiver
(These accounts will form part of balance sheet )
Shweta Garg
(CA FINAL Executive(Payables))
(147 Points)
Replied 01 July 2010
Real Account-------Assets and Liabilities.
Personal Account------in the name of a person, includes individual, huf, co,firm etc.
Nominal Account-------Income, expenditure, profits, lossesetc.
DT Fundas - Tarun rustagi
( Author)
(1150 Points)
Replied 01 July 2010
thanks for ur valuable replies to my post.thanks a lot
Recent Topics
- Share office desk in bkc, near family court
- 80D claim for payment paid by parent
- TDS on purchase of Flat under subvention scheme be
- Nznxnc call me at the end of the day of the
- Nsje snswk fjw ed le ene djff ne enje ejdd rejje
- Hxjcif the day I have been in touch with me and
- Iska djd djrbdsjebshe sir ur rei ejr reinr the jr
- GST registration for medical shop in Karnataka
- Hsshs me know if you are free number of the
- Chu Kang and the situation of the situation and I
Related Threads
CAclubindia
