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what are real,nominal,personal and impersonal accounts
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Answer Posted / madhu poor
1.Personal Account : Debit The Receiver Credit The Giver
2.Real Account : Debit What comes in Credit What Goes
Out
3.Nominal Account : Debit all expenses and losses Credit
all gains and incomes
Examples Respectivesly:
1. Bank,Mr.Yogesh, Bajaj co.ltd, hospitals,etc.
2. Furniture, Machinary, Building, cash etc.
3. Dividend,commision , interst etc.
| Is This Answer Correct ? | 32 Yes | 8 No |
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