WHAT IS THIS ACCOUNT

Answer Posted / arun kumar gupta

Accounting is a method of recording, summarising,
Classfying and interpretation of financial data.
There are three type of accounts
Personal--Related to name of any Person, Firm, Co. etc.

Real---Related to Assets & Liabilities as plant Building
Capital etc.

Nominal----Related to expenses & revenue as salary, Rent,
Commission etc.

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