Respected Everyone ,
can you tell me that what is the nature of CAPITAL RESERVE A/C ....Whether it is nominal,real or personal?
Thank you
Himesh Katuria (Student) (258 Points)
05 March 2013Respected Everyone ,
can you tell me that what is the nature of CAPITAL RESERVE A/C ....Whether it is nominal,real or personal?
Thank you
Giridhar S Karandikar
(Team Lead)
(7543 Points)
Replied 06 March 2013
please note that all the accuonts appearing in teh balance sheet are either real or personal accounts. Nominal accuonts appear only in P&L.
Capital Reserve is a Real Account.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
CAclubindia
