There are three types of accounts
1. Personal Account
   Debit the Receiver
   Credit the Giver
2. Real Account
   Debit what comes in
   Credit what goes out
3. Nominal Account
   Debit the Expeses/Losses
   Credit the incomes/gains

Type of accounts are classified into three categories :
Personal accounts : The personal accounts are again 
classified into Personal and impersonal accounts	
	

	Personal accounts : In which the transactions 
directly indicate the natural persons. Eg. Ram, sharma
	Impersonal accounts : In which the transactions 
indirectly indicate the artifical persons created by the 
law. ICICI BANk

	Debit the receiver
	Credit the giver

Real accounts : For general operating of the firm, it 
requires some assets like fixed assets and current assets.  
These types of assets are classified under this head. Eg. 
furniture, fixtures,inventory
	What comes in Debit
	What goes out is Credit

Nominal accounts :  The expenes incurred for the operating 
of the firm, will be classified under this head. Eg. Wages, 
Salaries(denpending on the transactions)
	All expenses and losses debit
	All incomes and gains credit

Types Of Accounts :
1. Personal Accounts : Accounts of Persons,institutions
   Like Employees ,Banks,Other Companies
   
   " Debit the Receiver
     Credit the Giver "

2. Real Accounts: All Assets are real accounts.
   Like Furniture , Inventory
   
   " Debit What comes in 
     Credit What goes out "

3.  Nominal Accounts : All expenses,Losses, Income , Gains
   
   " Debit all Expenses and losses
     Credit all Income and gains"