Question

19. Explain diffecnt lgpes of account ? with their rules ?​

Answer 1

Answer:

Real account Debit what comes in Credit what goes out

Personal account Debit the receiver Credit the giver

Nominal account Debit the expenses or losses Credit the income or gain

Take a look at the three main rules of accounting:

Debit the receiver and credit the giver.

Debit what comes in and credit what goes out.

Debit expenses and losses, credit income and gains.