Question

)Design a class to overload a function num_calc() as
follows :
(a) void num_calc (int num, char ch) with one integer
argument and one character argument, computes the
square of integer argument if choice ch is ‘s’
otherwise finds its cube.
(b) void num_calc (int a, int b, char ch) with two
integer arguments and one character argument. It
computes the product of integer arguments if ch is ‘p’
else adds the integers.
(c) void num_calc (String s1, String s2) with two string
arguments, which prints whether the strings are equal
or not.
In main method, take arguments from user to call second
function.

Answer 1

Answer:

Nominal Account

These accounts types are related to income or gains and expenses or losses. For example: – Rent A/c, commission received A/c, salary A/c, wages A/c, conveyance A/c, etc.

Rules

Debit all the expenses and losses of the business.

Credit the incomes and gains of business.

For Example  – Salary paid to employees of the entity. Salary A/c will be debited when the expenses are incurred. Whereas, when an entity receives any interest, discount, etc these are credited whenever these are received by the entity.

There are some other accounts in accounting as well:

Cash Account – This account is used for keeping the records of payments done by cash, withdrawals, and deposits.

Income Account – Purpose of this account is to keep the record of the income sources of business.

Expense Account – This account tracks the expenditure of the business.

Liabilities – If there is any debt or loan then that amount comes under liabilities.

Equities –  If there is an investment of the account owner or common stocks, retained earnings then these will fall under equities.

Examples on Types of Accounts

Write the accounts affected and applicable rule in the below-mentioned transactions.

Goods purchased for cash.

Cash Sales.

Sale of fixed assets

Payment of expenses.

Answer –

1. Debit Purchase account and credit cash account.

Rule Applicable: – Debit increase in expense or an asset. Credit decrease in assets.

2. Debit Cash account and credit sales account.

Rule Applicable: – Debit Increase in assets. Credit Decrease in revenue or assets.

3. Debit Expenses account and credit cash/bank account.

Rule Applicable: -Debit Increase in expense. Credit Decrease in assets.

Explanation:

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