Types of accounts

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Kumar Nayudu (Querist)
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16 August 2011 sir/madam i have one doubt.will you tell me types of accounts?i have heared some accounts.i will furnish all those accounts.
Personal a/c:
peronal account has also another three parts
a) natural personal a/c

b) Artificial a/c

c)Representive a/c
please give your explination for above accounts. will you give very very clear.please sir/madam

CA. Vikash Dwivedi

CA. Vikash Dwivedi (Expert)
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16 August 2011 True, there are 3 types of account:
1. Real A/cs
2. Personal A/cs
3. Nominal A/cs

But i never heard further classes of these accounts like you mentioned.

CMA. Murali

CMA. Murali (Expert)
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16 August 2011 The other way of classification is
Personal
Impersonal - Real & Nominal.

Like Vikash we have not heard
a) natural personal a/c

b) Artificial a/c

c)Representive a/c