what is the different between nominal account and real
account ? and then personal account ?
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Answer Posted / e. sivakumar
Personal A/C : - Debit the Receiver - Credit the Giver
Ex: Individual Person, Bank Etc..
Real A/C ; - Debit What comes in - Credit What goes out
What ever Assets purchased & Sales
Nominal A/C : - Debit all Expenses - Credit all Incomes
Which use to P&L
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