Advertisements
Advertisements
प्रश्न
Answer in one sentence only.
What is an Account?
Advertisements
उत्तर
An account is a summarized record of transactions relating to a particular person, asset, liability, particular head of expense or income recorded at one place.
APPEARS IN
संबंधित प्रश्न
Write one word/term or phrase which can substitute the following statement.
Name of the account which is debited when proprietor uses business money for personal use.
Select the most appropriate alternatives from the given below and rewrite the statement:
Every debit has corresponding ____________
Select the most appropriate alternatives from the given below and rewrite the statement:
Radha's Account is a type of ______ account.
State whether the following statement is True or False with reasons:
Outstanding expense is a nominal account.
State whether the following statement is True or False with reasons:
Capital account is a real account.
State whether the following statement is True or False with reasons:
Outstanding salary is a nominal account.
State whether the following statement is True or False with reasons:
Goodwill account is a real account.
State whether the following statement is True or False with reasons:
Motor car account is a Real Account.
Fill in the blank:
Increase in capital is credited and decrease in capital is ______
Fill in the blank:
Debit what comes in and credit what goes out is the rule of ______ account.
Fill in the blank:
Travelling expenses account is ______ type of Account
Classify the following accounts under the types of Personal, Real and Nominal account:
Mr. Rohit’s capital A/c
Classify the following accounts under the types of Personal, Real, and Nominal accounts:
Drawing A/c
Classify the following accounts under the types of Personal, Real, and Nominal accounts:
Prepaid Rent A/c
Classify the following accounts under the types of Personal, Real and Nominal account:
Outstanding Income A/c
Classify the following account under the types of Personal, Real and Nominal account:
Plant and Machinery A/c
Classify the following account under the types of Personal, Real and Nominal account:
Goods distributed as free sample A/c
Classify the following account under the types of Personal, Real and Nominal account:
Outstanding Wages A/c
Classify the following account under the types of Personal, Real and Nominal account:
Loss on Sale of Furniture A/c
Classify the following account under the types of Personal, Real and Nominal account:
Fixed Deposit A/c
Classify the following account under the types of Personal, Real and Nominal account:
Office Equipment A/c
Classify the following account under the types of Personal, Real and Nominal account:
The stock of Stationery A/c
Classify the following account under the types of Personal, Real and Nominal account:
Indian Railways A/c
Classify the following account under the types of Personal, Real and Nominal account:
Income Received in Advance A/c
Classify the following account under the types of Personal, Real and Nominal account:
Discount A/c
Classify the following account under the types of Personal, Real and Nominal account:
Royalty A/c
