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How many types of account example pls
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Answer Posted / mohammed fayyaz
My best Accounting please write YES.
There are 3 Types of Accounts
1: Personal Account
Rule of Personal Account
DEBIT THE RECEIVER
CREDIT THE GIVER
2: Real Account
Rule of Real Account
DEBIT WHAT COMES IN
CREDIT WHAT GOES OUT
3: Nominal Account
Rule of Nominal Account
DEBIT ALL THE EXPENSES
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