Скачать или смотреть Personal, Real & Nominal Accounts 🔥 Easy Trick to Learn

In accounting, all accounts are classified into three main categories — Personal, Real, and Nominal Accounts.
Each type of account records different kinds of financial information:

1️⃣ Personal Account:
These accounts relate to persons, firms, and institutions.
👉 Rule – Debit the receiver, Credit the giver
Examples: Ram’s A/c, SBI Bank A/c, Capital A/c, Creditor’s A/c, Debtor’s A/c

2️⃣ Real Account:
These accounts record assets and properties of the business (both tangible & intangible).
👉 Rule – Debit what comes in, Credit what goes out
Examples: Cash A/c, Furniture A/c, Machinery A/c, Building A/c, Goodwill A/c

3️⃣ Nominal Account:
These accounts relate to expenses, losses, incomes, and gains.
👉 Rule – Debit all expenses and losses, Credit all incomes and gains
Examples: Rent A/c, Salary A/c, Commission A/c, Interest Received A/c, Discount Allowed A/c
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