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प्रश्न
Answer in one sentence only.
What is an Account?
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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.
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संबंधित प्रश्न
Answer in one sentence only:
What is Personal Account?
Answer in one sentence only:
State the meaning of Real Account.
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.
Write one word/term or phrase which can substitute the following statement.
The Assets which cannot be seen, touched or felt.
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:
Loan account is personal account.
State whether the following statement is True or False with reasons:
Discount account is a nominal 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:
______ accounts are accounts of properties and assets.
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 account:
Loose Tools 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 account:
Patent A/c
Classify the following accounts under the types of Personal, Real and Nominal account:
Commission Received A/c
Classify the following account under the types of Personal, Real and Nominal account:
Freight 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:
Live Stock A/c
Classify the following account under the types of Personal, Real and Nominal account:
Radhika’s 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:
Loan 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:
Trademark 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:
Repairs A/c
Classify the following account under the types of Personal, Real and Nominal account:
Royalty A/c
