accounts basic

Dear,

Pls go through a good book with some good examples

it will  hepl u to a great extent

For Real Account

e.g. Cash - Rules Dr. what comes in

                                 Cr. What goes out

(These accounts will form part of balance sheet )

For Nominal A/c - Dr. Expense -

                                Cr. Income

(These accounts will not form part of balance sheet )

For Personal A/cs- Cr the giver

                                    Dr. The receiver

(These accounts will form part of balance sheet )

Real Account-------Assets and Liabilities.

Personal Account------in the name of a person, includes individual, huf, co,firm etc.

Nominal Account-------Income, expenditure, profits, lossesetc.

thanks for ur valuable replies to my post.thanks a lot