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Answer Posted / kamal chandra tiwari
There are three types of account
1.Personal Account ( Debit the receiver & credit the Giver)
Bank,Firm,Trust,person,etc.
2.Real Account ( Debit what comes in & Credit what Goese
out)Ex. Furniture, Machinery, etc.
3.Nominal Account( Debit all losses & exp.& credit all
incomes gains.Capital, Asests, cash, bank cash etc,
| Is This Answer Correct ? | 19 Yes | 2 No |
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