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A/c types

805 views 6 replies

can anyone tell me the nature of following accounts...

1. PBD

2. PDD

3. provision for depreciation

4. executor's a/c

Replies (6)

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??????


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