accounts
This query is : Resolved
lakshmiswetha
(Querist)
31 August 2010
sir,
can i have the examples of personal,real &nominal accounts how the entries differentiated. entry for cheque dishourned
please hel me
can i have the examples of personal,real &nominal accounts how the entries differentiated. entry for cheque dishourned
please hel me
CMA Ramesh Krishnan
(Expert)
31 August 2010
Personal account- Person related, like Drs, Crs
Nominal account - Revenue and expenses related like sale, purchase
Real accounts- Assets/Liability related like cash, bank,loan
I suggest you to refer basic accoutancy book
For Dishonour of cheque you need
Dr:Bank a/c
Cr:party a/c
Nominal account - Revenue and expenses related like sale, purchase
Real accounts- Assets/Liability related like cash, bank,loan
I suggest you to refer basic accoutancy book
For Dishonour of cheque you need
Dr:Bank a/c
Cr:party a/c
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