Answer Posted / chhaya chouhan

There are 3 types of accounts:
1.Personal a/c
2.Real a/c
3.Nominal a/c

Rules for these accounts are as follows:
1.For Personal a/c:
Debit: The reciever
Credit:The Giver

2.For Real a/c:
Debit: What comes in
Credit:What goes out

3.For Nominal a/c:
Debit: All expenses and losses
Credit:All incomes and gains...

These are the most important and in other words the golden
rules of accounts...

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Exapnd--------RAN

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Expand---------BPCD

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