Q.14. Explain the types of account?
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Answered by
0
Answer:
Personal Account. Natural Personal Account. Artificial Personal Account. Representative Personal Account.
Real Account. Tangible Real Account. Intangible Real Account.
Nominal Account.
Answered by
1
Answer:
Explain cash based accounting.
Golden rules of accounting.
Type of account Golden rules
↓. ↓
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
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