 Related Questions Latest Answer : Personal accounts are those accounts which represents any person, artificaial person or they have their own entity like, bank, any authority orany person, real accounts are thiose account which counts all asstes of a firm like furniture and cash etc. ... Latest Answer : in business transactions which is a recent transaction .it is call dormat account ... Latest Answer : Hi Sagar
Your question is very good, in my opinion answer is Liabilities are credit and assets are debit side(Right Side), In Indian Accounting rules the performa is this. But US and UK use Assets on left side and liabilities in right. You can also ... Latest Answer : An Inactive Account is A brokerage account in which few transactions take place. Some brokerage firms levy a fee on accounts in which securities are deposited but no activity occurs during a specified time.A Dormant Account is a savings account showing ... Latest Answer : 1) Make the creditor, your debtor 2) For good creditor, give discounts & offers3) For bad creditor, inform your position of willingness but inability to sustain relationship keeping in mind our business position. ... Read Answers (2) | Asked by : Christine Latest Answer : If an amount incurred or accounted or paid to establish over a period of time of the business or for the business, these kind of accounts are treated as deferred account.Eg., An advertisement expenses incurred by an organisation etc., ... Read Answers (4) | Asked by : Atef Mikhael Latest Answer : Account Voucher nothing but a proof of transaction made. In future any problem will occurs then account voucher plays major support. ... Read Answers (1) | Asked by : asha s nair What Account is Salary outstanding? Is it real, personnel or nominal account? Latest Answer : Outstanding Salary A/c is a Representative Personal Account as it represents a group of people to whom some amount of salary is payable. Similarly other outstanding and prepaid expenses also fall under the category of representative personal accounts. ... Read Answers (3) | Asked by : Sajith Appropriation is an estimate of expenditure to be incurred. It serves as a benchmark upon which the actions and performance of a governmental unit are measured. It helps monitor and set control to budgetary View Question | Asked by : Idi Alali How to account for Letter of Credit in the Books of Accounts of the Company ? Latest Answer : 1-Debit the account of the applicant with us and credit the bank of the beneficary with the equal money 2-Debit applicant account with us and credit the suspense account with us when the applicant pay for us. ... Read Answers (1) | Asked by : Hitesh Khandhadia
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