Railway Accounts Vs Commercial Accounts
Railway
Accounts
|
Commercial
Accounts
|
Demands Recoverable A/c
|
Debtors A/c
|
Traffic A/c
|
Debtors A/c
|
Sales Suspense A/c
|
Debtors A/c
|
Labour
Suspense A/c
|
Creditors A/c
|
Purchase Suspense A/c
|
Creditors A/c
|
Demands Payable A/c
|
Creditors A/c
|
Cheques & Bills A/c
|
Bank A/c
|
RIB - Remittance Into Bank A/c
|
Bank A/c
|
Stores A/c
|
Purchases A/c or Sales A/c
|
Notes:
·
The above list is not exhaustive.
·
Though the nomenclature is different in Indian
Railways, but the recording of Journal Entries in the Railways is always abide
by the Golden Rules of Double Entry system.