Question

what are the different types of accounts? explain with their rules of debit and credit
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Answer 1

Hey User ⤵⤵

There are 3 types of account :

1) Real ✅✅

2) Personal ✔✔

3) Nominal ✅✅

Hope it helps ❤❤

Answer 2

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Debit what comes in ✔

Credit what goes out✖

$<b>$There are mainly three types of accounts in accounting: Real, Personal and Nominal accounts,

$<u>$Real Account :-

All assets of a firm, which are tangible or intangible, fall under the category “Real Accounts“.

✌Amount will be 10,000 in both debit and credit.

Personal Account :-

These accounts are related to individuals, firms, companies, etc

✌Amount will be 24,000 in both debit and credit.

Nominal Account :-

Accounts which are related to expenses, losses, incomes or gains are called Nominal accounts.

✌The amount will be 15,000 in both debit and credit.

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Hope it may Helpful to uh ✔