Question

give an example for all 3 accounts personal, real and nominal account

Answer 1

Example of personal accounts includes: Kumar Account, Xyz Pvt. Ltd. account, capital account, prepaid account etc

Example of real accounts includes: goodwill, copyrights, patents etc

Example of nominal account includes: service revenue, wages expense, utilities expense, supplies expense, interest expense etc

Answer 2

✴Personal account - Personal account reflects transactions with in respect to person. It represents person or organisation. Example - Radha's a/c , shyam's a/c

✴Real account - Real account is the account which records all the transactions which can be measured in terms of money. It reflects tangible aspects. Example - selling or purchasing of assets (machinery a/c , furniture a/c) etc.

✴Nominal account - Nominal account is the account which records transactions related to profits/ gains or losses, income.
Example - loss by fire etc.

Hope this helps : )