what do you mean by account and discuss types of account
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According to the double entry system of bookkeeping, there are three types of accounts that help you to maintain an error-free record of your journal entries. Each account type has a rule to identify its debit and credit aspect called as the Golden Rule of Accounting. ... Personal Accounts. Real Accounts. Nominal Accounts.
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maintain an error free record of your journal entries each account types has a rule to identify its debit and credit aspect called as the golden rule of accounting personal account real account nominal accounts
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