accounts

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lakshmiswetha (Querist)
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31 August 2010 sir,
can i have the examples of personal,real &nominal accounts how the entries differentiated. entry for cheque dishourned

please hel me

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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31 August 2010 Personal account- Person related, like Drs, Crs

Nominal account - Revenue and expenses related like sale, purchase

Real accounts- Assets/Liability related like cash, bank,loan

I suggest you to refer basic accoutancy book

For Dishonour of cheque you need

Dr:Bank a/c
Cr:party a/c

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