Accounting

Accounting

76 Followers | 458 Entries

Entries on Accounting

Assignment on Introduction to Basic Accounting

Assignment on Introduction to Basic Accounting

Uploaded by Chibueze Evalistus

Highlight any four (4) differences between journals and ledgers

 
0.0 (0 reviews)
Assinment on Introduction to Basic Accounting

Assinment on Introduction to Basic Accounting

Uploaded by Chibueze Evalistus

Highlight any four (4) differences between journals and ledgers

 
0.0 (0 reviews)
Atabo Maureen Ene

Atabo Maureen Ene

Uploaded by Maureen Atabo

ACC 101 ASSIGNMENT assingment on acc 101, quuestion: discuss the following: 1.cash account

 
0.0 (0 reviews)
Acc101

Acc101

Assignment

 
0.0 (0 reviews)
Acc101

Acc101

Uploaded by Alex Ameh

Assignment

 
0.0 (0 reviews)
Acc101

Acc101

Uploaded by Inalegwu Augustine

Assignment

 
0.0 (0 reviews)
Acc 101 Benjamin

Acc 101 Benjamin

CASH ACCOUNT: cash account is an account in which money transactions are recorded. Cash account can also be seen as a accounting method that records income when it is received and records expenses in the period in which they are paid. Under cash accounting, revenues and expenses are recorded at the time that cash is exchanged when cash is received from a sale, it is recorded in the account as a sale, and when payment is made on an expense, and it’s recorded as an expenses. PERSONAL ACCOUNT: personal accounts are accounts relating to persons or organisation with which the business has transaction with e.g customer, supplier and money lender. The rule of personal account is debit the receiver, credit the giver. The personal accounts comprise debtors, creditor’s account, and capital account, drawings account and bank account. REAL ACCOUNT: Are the accounts relating to all asset and properties, the rules of real account is debit what comes in. Credit what goes out. Examples of real account are cash, bank, building, loans creditors. NOMINAL ACCOUNT: is an account relating to expenses, loses, incomes and gains. Examples of nominal account are sale account, dividend account. They rule of nominal account is debit all incomes and losses, credit all income and losses, credit an income and gains. Nominal accounts also relates to revenue/income and intangible assets.

 
0.0 (0 reviews)
Acc 101 Assignment Attempt by Mhomga Felix Terlumun

Acc 101 Assignment Attempt by Mhomga Felix Terlumun

Basic knowledge on Cash account,Real account, personal account and nominal account

 
0.0 (0 reviews)
Assignment (Acc 101) by Daniel Glory Ngozi

Assignment (Acc 101) by Daniel Glory Ngozi

Uploaded by Daniel Glory

Article on types of account and their respective characteristics and the double entry procedure

 
0.0 (0 reviews)
Acc 101 Assignment by Ejesi Chinonye Jennifer

Acc 101 Assignment by Ejesi Chinonye Jennifer

Uploaded by Ejesi Jennifer

What are the classes of accounts? What are the features? What are the accounting entries? Read through.

 
0.0 (0 reviews)
Adua Jennifer Salome Assignment on Basic Accounting 1

Adua Jennifer Salome Assignment on Basic Accounting 1

Uploaded by Adua Jennifer

PLEASE DOWNLOAD THE ATTACHMENT OF ADUA JENNIFER SALOME. THANKS.

 
0.0 (0 reviews)
Basic Accounting 1 Assignment by Oki B. Joy

Basic Accounting 1 Assignment by Oki B. Joy

Uploaded by Oki Joy

This is an article on the various classes/types of account with their adequate accounting entries

 
0.0 (0 reviews)