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PLEASE GIVE ME THE LIST OF ACCOUNT TYPES AND THEIR HEADS
RESPECTIVELY.
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Answer Posted / ashwini
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 all expenses and losses
Credit all incomes and gains
| Is This Answer Correct ? | 22 Yes | 3 No |
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