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Is purchases comes under nominal account or Real Account?
Purchase and sales are comes under Real account. Why because as per real account what comes in debit and what goes out credit that is this one is related to property
Is depreciation account nominal account?
yes ! it comes under nominal account !!
Why capital account is personal account?
The capital account is considered a personal account because it represents the owner's equity or investment in a business, reflecting the owner's contributions and withdrawals. In accounting, personal accounts are associated with individuals or entities, and the capital account directly tracks the financial relationship between the business and its owner. It records the increases and decreases in the owner's stake, thus categorizing it under personal accounts.
Definition of sundry credits?
Sundry Credits represent items/transactions which cannot be classified immediately under any credit account.
Where do we record the personal account in ledger?
Personal accounts are recorded in the ledger under the "Personal Account" category, which includes individual accounts for customers, suppliers, and other entities. Each personal account typically reflects transactions related to that specific individual or entity, such as sales, purchases, and payments. These accounts are maintained in the general ledger to track the financial position of each party involved in transactions with the business.
Is purchases comes under nominal account or Real Account?
Purchase and sales are comes under Real account. Why because as per real account what comes in debit and what goes out credit that is this one is related to property
Is depreciation account nominal account?
yes ! it comes under nominal account !!
Where does personal equipment go on a balance sheet?
under the head of personal account..
What do you do with personel items?
Your question needs clarification. Which/whose personal items? Under what conditions?
What account comes under fix asset?
Buildings, Machinery, Equipment
Is a cheque account an asset or liability?
It comes under liability
How do you get to your personal settings on my Yahoo account?
On the sidebar, it says 'My Settings'. This will take you to your personal settings.
Why capital account is personal account?
The capital account is considered a personal account because it represents the owner's equity or investment in a business, reflecting the owner's contributions and withdrawals. In accounting, personal accounts are associated with individuals or entities, and the capital account directly tracks the financial relationship between the business and its owner. It records the increases and decreases in the owner's stake, thus categorizing it under personal accounts.
How can I find my 401k account that is registered under my name?
To find your 401k account registered under your name, contact your employer's human resources department or the financial institution managing your 401k plan. Provide your personal information and they can assist you in locating your account.
Does anyone have a spare RuneScape Account?
You may not ask for or provide personal account information on WikiAnswers. This is also expressly forbidden under the Runescape terms of use.
Can a private investigator check out a personal bank account?
No. Only the person who the account is registered under or a government agency or the police with a warrant. Also, the bank of course.
How do you differ purchases from expenses?
purachase means purchase of goods or sevices(stock,capital goods etc)to accomplish the goal of enterprise.these all comes under trading account . expenses are those costs which are helps to complete enterprice process up to the last point..those expenses comes under trading & profit and loss account
