answersLogoWhite

0

yes cash account is a real account cause it wll not come under persanal account ( consist of bank and peoples account) and not a nominal account( consist of incomes and expenses)

User Avatar

Wiki User

15y ago

What else can I help you with?

Continue Learning about Educational Theory

What is present value analysis?

Present value analysis is a financial technique used to evaluate the value of future cash flows by discounting them back to their current value. It takes into account the time value of money, allowing for better decision-making by comparing the present value of costs and benefits. The goal is to determine whether an investment or project is worth pursuing based on its potential return.


Can you delete your free fling com account?

#1. That does not work all it does is make your name invisible when people search members #2. Just Ask Check this part out and use the email or web page within Cancellation By User You may cancel your membership at any time by visiting the related link. You must cancel your membership at least twenty-four (24) hours before your monthly anniversary date to avoid being charged for another month of membership. You hereby agree to be personally liable for any and all charges incurred by you until termination of membership for goods or services through your use of the Service. In the event that you cancel your account no refund, including any membership fees, will be granted; no online time or other credits will be credited to you or can be converted to cash or other form of reimbursement. Upon our processing of your request to cancel your membership, you will no longer have access to the non-public areas of the Service to which you were a member.


What are provision entries and y they are done in journal entries?

For a provision you initially debit cost and credit provision. When the provision is released you debit your provision and credit cash. The provision should be adjusted to present value on your balance sheet.


Advantages and disadvantages of direct method in cash flow?

· Influence the businesses decisions concerning future. · The business has to create sure figures to be precise. · Alert bank to their possible problems in the future. · Plenty of searches are required. · Helps the business to plan ahead. · It is just a forecast. · Influence the businesses decisions concerning future. · The business has to create sure figures to be precise. · Alert bank to their possible problems in the future. · Plenty of searches are required. · Helps the business to plan ahead. · It is just a forecast.


Why is it important to give other people the opportunity to contribute their ideas and opinions and show that you have taken account of these?

Allowing others to contribute their ideas and opinions fosters collaboration, creativity, and innovation within a team or group. It creates a sense of inclusivity, empowers individuals to feel valued and heard, and leads to more well-rounded and effective decision-making processes. Showing that you have taken account of these contributions builds trust, strengthens relationships, and boosts morale and engagement among team members.

Related Questions

Is retained earnings a real account?

It is not a personal a/c, nor a nominal account, alike cash it is real a/c.


Why real account is called real account?

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.


Is bills payble account is a real account?

Bill payable is a personal account and only cash and bank accounts are real accounts in accounting.


Is unearned revenue is nominal account?

Unearned ravenue is liability account as revenue is not yet earned but cash received.


What is cash account?

what is a cash account


Is cash in transit account receivable or cash account?

why do you debit cash account and credit receivables for cash in transit


What is the journal entries for real account?

EXAMPLE: Cash A/C DR To Bank A/C


How can you donate to children to children?

Do you want to donate cash or real estate? If it were real estate you could just put it in their names. If it were cash you could put it in your checking account and then send checks.


Is bank account is real account or personal account?

see first tell me wat is bank overdraft..... its is real or personal... ans.personal...every bank a/c is personal a/c.. and though bank is payable or receivable its is personal a/c only....


Is cash account temporary account?

No cash account is a permanent account. as u treated cash as a debit element in General journal against of Capital. Capital is a permanent account so cash too.


How can you donate to Michael Jackson's children?

Do you want to donate cash or real estate? If it were real estate you could just put it in their names. If it were cash you could put it in your checking account and then send checks.


Know the journal entry for reimbursing the petty cash account?

[Debit] Petty Cash account [Credit] Cash account