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Contents tagged with Real Account


Journal Entries in Accounting [Basics]

By AtulHost in Finance and Investments ⋅ November 29th, 2016
Journal Entries

Journal is one of the most important book of account, in which business transactions are recorded systematically. In layman’s term, we can say it is a book of daily records. When a businessman completes a business transaction, he records it in the rough or waste book in a short and summarized form. Then this business… Continue reading ⟶

Tagged with Accounting, accounts, Bookkeeping, finance, Nominal Account, Personal Account, Real Account.

Classification of Accounts: Personal & Real & Nominal

By AtulHost in Finance and Investments ⋅ March 7th, 2016
Classification of Accounts: Personal & Real & Nominal

An account is a list of business transactions falling under the same description for a given period of time. A systematic and summarized record of business transactions with respect to person, property, loss, gain, income, expense is known as account. An account is generally prepared for one complete year. The word Account in abbreviation, can… Continue reading ⟶

Tagged with Accounting, accounts, Bookkeeping, finance, Nominal Account, Personal Account, Real Account.

Three golden rules of accounting with examples

By AtulHost in Finance and Investments ⋅ September 23rd, 2015
Three Golden Rules of Accounting

In the commerce and finance field to create and pass the journal entries one must have the knowledge of accounting rules, those accounting rules are known as Three Golden Rules of Accounting, in short, Golden Rules of Accounting. Such rules are also known as three golden rules of commerce, three golden rules of finance, and… Continue reading ⟶

Tagged with Accounting, accounts, Bookkeeping, finance, Nominal Account, Personal Account, Real Account.
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