Discount received in advance account is a:

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Salary prepaid account is:
Posted by:
Mohammad Ali
12-December-2014

A. Personal B. Real C. Nominal

Accounting Auditing Financial Accounting Bank Accounting managerial accounting

Question added by Mohammad Ali , Accounts Officer ( Contract) , Bharat Pumps & Compressors Ltd Naini Allahabad
Date Posted: 2014/12/12

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3 Answers

Muhammad Abdullah

by Muhammad Abdullah , Manager Business Analyst and QA , NRSP Microfinance Bank Ltd

Dr............Cash / Bank / Income a/c

Cr............Discount Income

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by Anil Lalwani , Chief Accountant , Al Ahli Hospital

It's a personal account, since under personal representative

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VENKITARAMAN KRISHNA MOORTHY VRINDAVAN

by VENKITARAMAN KRISHNA MOORTHY VRINDAVAN , Project Execution Manager & Accounts Manager , ALI INTERNATIONAL TRADING EST.

Personal account since it being an advance

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