All personal real and nominal accounts are opened in
Asked by admin @ in Accountancy viewed by 520 People
All personal, real and nominal accounts are opened in
Answered by admin @
Answer:
Under Single entry System only personal accounts and cash A/c are opened. Explanation: Real and nominal accounts are not maintained under single-entry system. Only personal and cash accounts and the cash and credit transactions (related to personal accounts) are recorded under this system.
Explanation:
Similar Questions
Classify the following into personal real and nominal accounts
Asked by admin @ in Accountancy viewed by 564 persons
0.6 Classify the following accounts under the types of Personal, Real and Nominal account.
1) Mr. Rohit's capital A/C2) Loose Tools A/c3) Drawing A/C4) Cartage A/C5) …
Real and nominal income is calculated respectively at
Asked by admin @ in Economy viewed by 368 persons
Real and nominal income is calculated respectively at
What is the difference between nominal and real interest rates
Asked by admin @ in Business viewed by 322 persons
The difference between the nominal interest rate and the real interest rate is
A. the real interest rate is the stated interest rate whereas the nominal interest rate is the …
Sharon wants to open a checking account
Asked by maham237 @ in Mathematics viewed by 979 persons
Sharon wants to open a checking account from which to pay bills. She wants online services, and a debit card, which both banks provide for free. Based upon past experience, …
Describe the process of opening a bank account
Asked by admin @ in English viewed by 390 persons
Describe the process of opening an account
Rekha opened a recurring deposit account for 20 months
Asked by admin @ in Hindi viewed by 369 persons
Rekha opened a recurring deposit account for 20 months.The rate of interest is 9% per annum and rekha recieves rupees 441 as interest at the time of maturity. Find the …
Where can you open a coverdell education savings account
Asked by maham237 @ in English viewed by 347 persons
Lupe is ready to open a checking account
Asked by maham237 @ in Business viewed by 1293 persons
Lupe is ready to open a checking account. What does she need to have when she goes to the bank? Check all that apply.
1.identification
2.her most recent bank statement …
Jeff wants to open a basic savings account
Asked by maham237 @ in Business viewed by 541 persons
Select the type of assessment that best fits the sentence.
Jeff wants to open a basic savings account. He should go to _(a financial services company, a commercial bank, an …
What is required when opening a checking account everfi
Asked by maham237 @ in Computers And Technology viewed by 379 persons
What is required when opening a checking account
Income and expenditure account is a real account
Asked by admin @ in Accountancy viewed by 495 persons
Income and expenditure account is a nominal account ( true/ false
Letter for transfer of bank account to another person
Asked by admin @ in Economy viewed by 335 persons
Letter for transfer of bank account to another person
Write a letter to bank manager for open an account
Asked by admin @ in English viewed by 326 persons
Write a letter to your bank manager for opening bank account
Write a letter to bank manager to open an account
Asked by admin @ in English viewed by 321 persons
Write a letter to your bank manager for opening bank account
Carlos is looking to open an account at a bank
Asked by maham237 @ in Mathematics viewed by 367 persons
but wants to avoid as many fees as possible. Which would NOT help minimize fees paid to a bank? A) Checking with the bank to know what fees it has …
Most viewed questions in Accountancy
Saregama ltd invited applications for issuing 80000 equity shares
Asked by admin @ in Accountancy viewed by 4406 persons
Leena madan and naresh were partners in a firm
Asked by admin @ in Accountancy viewed by 4289 persons
Business started with cash 8000 and plant & machinery 3000
Asked by admin @ in Accountancy viewed by 3969 persons
Difference between fixed installment method and diminishing balance method
Asked by admin @ in Accountancy viewed by 3488 persons
Which of the following will result in shareholders wealth maximization
Asked by admin @ in Accountancy viewed by 3264 persons
Loan taken from dena bank should be credited to
Asked by admin @ in Accountancy viewed by 3224 persons
To show the cheque number while reconciling bank accounts press
Asked by admin @ in Accountancy viewed by 3110 persons
The current investment are valued on closing date at
Asked by admin @ in Accountancy viewed by 3066 persons
Enter the following transaction in the journal of mudit
Asked by admin @ in Accountancy viewed by 3054 persons
The major decision areas in supply chain management are
Asked by admin @ in Accountancy viewed by 3038 persons
Alfa ltd invited applications for issuing 75000 equity shares
Asked by admin @ in Accountancy viewed by 3023 persons
A company whose accounting year is the calendar year
Asked by admin @ in Accountancy viewed by 2972 persons
Bookkeeping mainly concerns with which part of accounting process
Asked by admin @ in Accountancy viewed by 2965 persons