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    ramji_keshari13321
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    This document categorizes different types of representations. Real representations include physically tangible things and certain intangible things without physical existence, with examples being plant and machinery as well as goodwill and patents. Personal representations consist of individuals, partnerships, firms, and other business and legal entities like non-profits and governments. Nominal representations comprise temporary income and expenditure accounts that are recognized until final accounts are prepared at the end of a fiscal year, with examples being sales, purchases, and utility charges.

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    account Type

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    This document categorizes different types of representations. Real representations include physically tangible things and certain intangible things without physical existence, with examples being plant and machinery as well as goodwill and patents. Personal representations consist of individuals, partnerships, firms, and other business and legal entities like non-profits and governments. Nominal representations comprise temporary income and expenditure accounts that are recognized until final accounts are prepared at the end of a fiscal year, with examples being sales, purchases, and utility charges.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    9 views1 page

    Account Type

    Uploaded by

    ramji_keshari13321
    This document categorizes different types of representations. Real representations include physically tangible things and certain intangible things without physical existence, with examples being plant and machinery as well as goodwill and patents. Personal representations consist of individuals, partnerships, firms, and other business and legal entities like non-profits and governments. Nominal representations comprise temporary income and expenditure accounts that are recognized until final accounts are prepared at the end of a fiscal year, with examples being sales, purchases, and utility charges.

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    Attribution Non-Commercial (BY-NC)
    Download as DOCX, PDF, TXT or read online from Scribd
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    of 1

    Type Represent Examples

    Tangibles - Plant and Machinery, Furniture and


    Physically tangible things in the real world and
    Fixtures, Computers and Information Processing
    Real certain intangible things not having any physical
    Equipment etc. Intangibles
    existence
    - Goodwill, Patents andCopyrights

    Individuals, Partnership
    Firms, Corporate entities, Non-Profit Organizations,
    Personal Business and Legal Entities
    any local or statutory bodies including governments at
    country, state or local levels

    Temporary Income and Expenditure Accounts for


    Nomina recognition of the implications of the financial
    Sales, Purchases, Electricity Charges
    l transactions during each fiscal year till
    finalisation of accounts at the end

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