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Bank is which type of account, (a) Real, (b) nominal, (c) neither a nor b. ?

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تم إضافة السؤال من قبل Anil Lalwani , Chief Accountant , Al Ahli Hospital
تاريخ النشر: 2016/09/19
kranti  yadav
من قبل kranti yadav , Chartered Accountant , Ram gopal Verma

bank is neither real nor nominal,, irs persnal account

Paramdeep Singh Kler
من قبل Paramdeep Singh Kler , Chief Operating Officer , MANI WEB SOLUTIONS PVT LTD

C option reason bank is a personal account and in the given options personal account is not available.

مستخدم محذوف‎
من قبل مستخدم محذوف‎

Nominal accounts are income statement accounts which are closed by end of the accounting year. Real accounts are the balance sheet accounts where balances at the end of the accounting year are carried forward to the next accounting year.

 

Ryan Adra
من قبل Ryan Adra , Budget and reporting manager , Irrawaddy Green Towers

Bank is a real account which is inside the "Cash and Cash equivalents" line item on the Balance sheet and is treated as a current asset.

Anil Lalwani
من قبل Anil Lalwani , Chief Accountant , Al Ahli Hospital

Go for B com. You can do it, week eye sight can be covered with eye glasses. But once if time is gone that can not be covered.

komal naz
من قبل komal naz

i want to do b com but my eye sight is weak can i join it? please guide me on

Naga Raj Ybn
من قبل Naga Raj Ybn , Article/Audit Assistant , Subbarao Vamanan & Co; Chartered Accountants

C) It is Personal Account according to Golden rules of accounting convention

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