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Give some example of real,personal & nominal accounts , &
which kind of a/c reflect p&l & BS.
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Answer Posted / adnan hashmi
PERSONAL A/C
It is the account in which all accounts are counted which is related to person, like Ram's A/C, Bank A/C & Company's A/C.
Receiver Dr.
Giver Cr.
REAL A/c
It includes the tangible & intangible assets & liabilities.
What comes In Dr.
What goes Out Cr.
NOMINAL A/C
It includes all Expenses, Losses, Gains & Income
Expenses & Losses Dr.
Income & Gains Cr.
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