Accountancy, asked by pridhiviraj, 11 months ago

how to identify the type of account (personal,nominal,real)

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Answered by amanpathak8833
2

Answer:

personal= when any account is related to two or more persons

nominal= sale purchaseor rendering services

real = related to all expenses

hope it will help you ❤❤

Answered by agrawalsadhna87
0

Personal account is a person to whom either we have to take money or vice-versa thus the reciever will be debited and the giver will be credited.. Real account is the received cash or some assets thus all what comes in will be dr and all what goes out will be credit...nominal account includes all expenses and income thus all income will be cr and expenses will be dr.

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