Question
Please help! From the accompanying exchanges discover the idea of record and furthermore state which record ought to be charged what's more, which record ought
Please help!
From the accompanying exchanges discover the idea of record and furthermore state which record ought to be charged what's more, which record ought to be credited:
1. Compensation paid
2. Interest got
3. Apparatus bought for money
4. Building sold
5. Extraordinary compensation
6. Gotten money from Ramesh
7. Owner presented capital
8. Profit got
9. Commission paid
10. Furniture bought for money
Q- Elaborate the Kinds of Accounts
To keep a total record of all exchanges in the business coming up next are the significant
sort of records, to be specific:
I. Individual Account
(a) Natural Person's Accounts.
(b) Artificial Person's Accounts.
(c) Representative Personal Accounts.
II. Indifferent Accounts
(1) Real Accounts
(a) Tangible Real Accounts.
(b) Intangible Real Accounts.
(2) Nominal Account
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