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