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Give some example of real,personal & nominal accounts , &
which kind of a/c reflect p&l & BS.

Question Posted / p.murali

Answer Posted / p.murali

Real Account

What coms in Debit
What goes on Credit

Expenses comes under Profit and loss Account

Personal Account

Debit the Receiver
Credit the Giver

Examples
I received the loan Rs.5,00,000/-

Nominal Account

Expenses and Loss are Debit
Incomes and Gains are Credit

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