Anonymous

What Is The Difference Between Personal Account, Real Accounts And Nominal Account?

1

1 Answers

Prashant Profile
Prashant answered
Personal Account represent transactions details related to any natural person(e.g ram), artificial person (e.g ram & company).

Real Account is mainly for assets & liabilities (e.g Furniture, loan)

Nominal account is for Loss,gain, Interest received in bank.

Answer Question

Anonymous