Accounting courses in chandigarh (4)

1
Accounting Courses in Chandigarh
2
What are the five major types of accounts?

• What you might have figured out is that there are
  5 main types of accounts used in accounting
• Asset.
• Liability.
• Equity.
• Revenue.
• Expense.

3
What are the 3 types of bank accounts?

• The Core Basic Bank Account Types
• Checking Accounts (and the variations)
• Dividend/Interest Checking Accounts
• Savings Accounts
• A Money Market Account
• CD (or Marketed Linked CD MLCD)
• IRA Accounts (Individual Retirement Accounts)
• A Deposit Account
• A Transactional Account.

4
What is the principle of accounting?

• What is principles of accounting? ... In this
  context, principles of accounting refers to the
  broad underlying concepts which guide accountants
  when preparing financial statements. Principles
  of accounting can also mean generally accepted
  accounting principles (GAAP).

5
What are the different classes of accounts?

• class of accounts. Five major categories in which
  accounts are divided (1) Assets, (2)
  Liabilities, (3) Net assets, (4) Revenue, and (5)
  Expenditure. These accounts are generally further
  divided into groups and sub-groups within each
  class. See also chart of accounts.

6
What is personal real and nominal account?

• The accounts relating to all assets and
  properties are called real accounts. Personal
  Account The accounts relating to individuals,
  firms, associations or companies are known as
  personal account. Nominal Account The accounts
  relating to expenses, losses, incomes and gains
  are known as nominal accounts

7
Accounting Courses in Chandigarh
CBitss Technologies

• 09988741983,0172-5031983
• counselor.cbitss_at_gmail.com

Website http//cbitss.co.in/accounting-courses-i
n-chandigarh.html
8
CBitss Technologies