Question

classify the following into personal ,real , nominal account

capital account
pune municipal
corporation a/c
tilak maharashtra vidyapeeth a/c
land and building a/c
salary and wages a/c

state the goldern rules of accounting

Answer 1

Real Accounting:

Dr - What comes in

Cr - What goes out

Examples of this kind of transaction include cash/bank and rent.

Personal Accounting:

Debit is the receiver.

Credit is the giver.

An example of this kind of transaction is Vendor/Customer relations.

Nominal Accounting:

All gains and income are credit.

All losses and expenses are debit.

An example of this kind of transaction is sales and/or purchases.

Answer 2

Explanation:

pune municipal corporation account