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Accounts questions papers – Study accounts

In my previous post on Accountancy , You have learned about account. Now we will discuss about types of account. First of all, how many types are account of? Ans-Account is of 3 types : 1 PERSONAL ACCOUNT 2 REAL ACCOUNT 3 NOMINAL ACCOUNT PERSONAL ACCOUNT- Every transaction related to the person is known as […]

February 20, 2011 0
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In simple way, we will understand what account is! Account is nothing more, it is a language of business. Business made in two terms- first term is expenses and second term is income. So  we define the term  business as a human activity under which goods are dealt in for profit making. There are also […]

February 18, 2011 1
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