Types of accounts

There are three types of accounts maintained for transactions

👉Real accounts

👉Personal accounts

👉Nominal accounts

1- Real accounts

वास्तविक खाता

 Real accounts are relating to assets and properties 

For bussiness concern

Include tangible and intangible

Accounts

Example

Land

Building

Cash

Purchase

Goodwill


2-Personal accounts

व्यक्तिगत खाता


Personal accounts related to persons.


Example


Suppliers

Customers

Lenders


3- Nominal accounts

अवास्तविक खाता

Nominal accounts are related to incomes & expenses gain & losses of a business concern

Examples

Salary account

Commission account

Dividend


Golden rule of accounting 

Real accounts

What comes in Dr

What Goes out. Cr


Personal accounts


The receiver Dr

The giver Cr

Nominal accounts


Expenses and losses Dr

Incomes and Gains Cr