Which of the following is not an account type?

Answer: Cumulative Account is not an type of account.

What are 3 types of accounts?

3 Different types of accounts in accounting are Real, Personal and Nominal Account. Real account is then classified in two subcategories – Intangible real account, Tangible real account. Also, three different sub-types of Personal account are Natural, Representative and Artificial.

What are the types of account?

What is not a personal account?

Non-person email accounts are entities rather than individuals, for example, administrative offices or academic organizations. Typically, these accounts are shared by multiple people within a department or other organizational unit.

What are the different types of accounts give examples?

How To Determine Account Type In Windows 10

What are the 5 account types?

What are the four main account types?

What are the six basic accounts?

What are 3 examples of personal accounts?

Some examples of personal accounts are customers, vendors, salary accounts of employees, drawings and capital accounts of owners, etc.

Which of the following is not a real account?

Which of the following is not a real account? a)Cash accountb)Investment Accountc)Outstanding rent accountd)Purchases accountCorrect answer is option 'C'. Can you explain this answer? Basically assets account falls in real account category.

How many type of account are there?

There are generally two types of bank accounts: current accounts and savings accounts.

What are the 5 main account types in the chart of accounts quizlet?

A chart of accounts is a list of the titles of all accounts in a business's account-ing system. Account titles are grouped by, and in the order of, the five major components of the expanded accounting equation: assets, liabilities, stockholders' equity, revenues, and expenses.

What are the 6 common types of bank accounts?

What are the 3 final accounts?

There are generally three types of final accounts and they are: Trading account. Profit and loss account. Balance sheet.

What are the 3 main bank accounts?

The most common types of bank accounts include: Checking accounts. Savings accounts. Money market accounts (MMAs)

What are the 3 main accounting elements?

What is an example of real account?

Examples of Real Accounts

The real accounts are the balance sheet accounts which include the following: Asset accounts (cash, accounts receivable, buildings, etc.) Liability accounts (notes payable, accounts payable, wages payable, etc.) Stockholders' equity accounts (common stock, retained earnings, etc.)

Which type of account is cash account?

A cash account is a type of brokerage account in which the investor must pay the full amount for securities purchased. An investor using a cash account is not allowed to borrow funds from his or her broker-dealer in order to pay for transactions in the account (trading on margin).

What are the 3 types of accounts with examples and golden rules of accounts?

Accounting is a process of recording, classifying, and summarising the financial transactions. There are three types of accounts coming under their accounting system-Personal, Real and Nominal. There are three sets of golden rules of accounting applicable to the types of accounts.

What are the 7 types of accounts?

What are the 7 types of accounting?

What are the 5 accounts in business?

Your finances are arranged into five main groups, or accounts, in the chart of accounts: assets, liabilities, equity, revenue, and costs.

What are the 4 types of savings accounts?

The options include traditional savings accounts, high-yield savings accounts, money market accounts, certificates of deposit, cash management accounts and specialty savings accounts.

What are the 5 types of ledger accounts?

What are the 5 types of general ledger accounts?