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How many types of account example pls
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Answer Posted / jitendra kotwal
There 3 types of Account:-
1. Personal Account - Debit the receiver
Credit the giver
Eg. Name of the person- A/C Kishore,A/C Vedant
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2. Real Account - Debit what comes in
Credit what goes out
Eg.Property A/c, CashA/c
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3. Nominal Account - Debit all expenses & losses
Credit all profits & incomes
Eg. Salary A/c, Rent paid
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