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What type of account is a building?

Anonymous

∙ 13y ago

Updated: 4/28/2022

Building account is nominal account.

Wiki User

∙ 13y ago

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What should be the journal entry for purchase of building from building fund account?

1. [Debit] Building account xxxx [Credit] building fund account xxxx

What is the type of account when a company holds dollar account in an Indian bank?

This type of account is called "foreign currency account".

What type of account is the rent receivable account?

Revenue account

What is the journal entry for a building purchase loan?

[Debit] bank account [Credit] Building loan

What type of account is a drawing account?

A Drawing account is a contra capital account and is used by a proprietor type business. It is for recording the owner's withdrawals of the company's assets.

Related Questions

What should be the journal entry for purchase of building from building fund account?

1. [Debit] Building account xxxx [Credit] building fund account xxxx

What is the journal entry for Payment to builders for new building?

[Debit] Building account [Credit] Cash / bank

Which banks or building societies offer a passbook savings account?

There are many banks or building societies that offer a passbook savings account to customers. One can get them from 'Yorkshire Building Society', 'Chelsea Building Society' and 'West Bromwich Building Society'.

What is the type of account when a company holds dollar account in an Indian bank?

This type of account is called "foreign currency account".

What type of account can be a transaction account?

A checking account

What type of account is the rent receivable account?

Revenue account

What is the journal entry for a building purchase loan?

[Debit] bank account [Credit] Building loan

What type of account is capital?

Personal account

What is a type of building?

A greek civic building.

What should be Journal entry for purchase of building from capital reserve account?

Credit your capital account, debit the freehold property account

What type of an account is account payable?

balance sheet account liability

What type of account is a drawing account?

A Drawing account is a contra capital account and is used by a proprietor type business. It is for recording the owner's withdrawals of the company's assets.

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