Debit what comes in
Credit what goes out
Real Account
Yes, it is a real account
real accounts
it is a personal account
It's a real account. Easy way to remember it is by remembering the accounting formula. Assets= Liabilities+ Capital- Withdrawals+ Revenue- Expenses Withdrawals, Revenue and Expenses are temporary and get closed at the end of the accounting cycle. Since Accumulated Depreciation falls under the Assets account and is a contra asset
Real Account
Yes, it is a real account
real accounts
Because these are the only accounts which have real existance like cash account and bank account other accounts are just in books of accounts and no real physical existance.
it is a personal account
it is a personal account
It's a real account. Easy way to remember it is by remembering the accounting formula. Assets= Liabilities+ Capital- Withdrawals+ Revenue- Expenses Withdrawals, Revenue and Expenses are temporary and get closed at the end of the accounting cycle. Since Accumulated Depreciation falls under the Assets account and is a contra asset
zayn's real twitter account is @zaynmalik
Yes, that is her real account.
It is a real contra account. The nominal account associated with depreciation is depreciation expense.
It may be real account or personal account depending upon the type of liabilities. it can however never be a nominal account
yes