Question

Rules of personal account...? Answer faster...​

Answer 1

Answer:

Some examples of personal accounts are customers, vendors, salary accounts of employees, drawings and capital accounts of owners, etc.

The golden rule for personal accounts is: debit the receiver and credit the giver.

The golden rule for real accounts is: debit what comes in and credit what goes out.

Answer 2

Explanation:

Different types of accounts in accounting are Real, Personal and Nominal Account. Real account is then classified in two subcategories – Intangible real account, Tangible real account. Also, three different sub-types of Personal account are Natural, Representative and Artificial. In this article, we will see the 3 golden rules of accounting with examples. Let’s begin.