A/c types

first 3 are provision ( current liability ) a/c and last one is personal a/c

Regards

Madhusudan Kabra

Does provision for depreciation is a current liability?

usually it is accumalated year n year na?

Aren't d first 3 nominal accounts?

first three will be nominal account

and last one is personal A/C.

Originally posted by : saroj kumar
	first three will be nominal account and last one is personal A/C.

 No First three will never be nominal account. first of all, all nominal accounts are amortised in trading and P & L account.

Only Personal and Real accounts are carried to Balance sheet. and above three are the parts of Current liability & Provision.

Last is personal account.

Originally posted by : siya.
	Originally posted by : saroj kumar first three will be nominal account and last one is personal A/C.  No First three will never be nominal account. first of all, all nominal accounts are amortised in trading and P & L account. Only Personal and Real accounts are carried to Balance sheet. and above three are the parts of Current liability & Provision. Last is personal account.

agreed with you

Nominal a/c never carried from one year to another.

Regards

Madhusudan

i thnk PBD n PDD wil go under representative personal a/c coz dey r representin debtors n creditors!!!

n 3rd 1 wil go under real a/c...coz provision is made for assets!!!

n 4th one is personal a/c

IS DAT CORRECT??????