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Types of Accounting

Accounting is divided in to three parts as

i) Personal Account

i) Personal Account – Personal account are related to any person, body of individual, association of person, company and firms etc.

e.g - Ram A/c, ABC Private Limited, XYZ college A/c etc.

ii) Real Account

ii)Real Account – The account which are related to properties & assets are known as real Account. It may be tangible or intangible in nature.

e.g- Cash, Bank, Assets, Goodwill, patent, Copyright , Trademark etc.

iii) Nominal Account

iii) Nominal Account – The accounts which are related to expenses, income, losses & gains are known as nominal account.

e.g - Expenses like wages, salary, rent, telephone exp. , interest received, discount received & commission received etc.

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Po: kalyana nagar, Dt: cuttack,Odisha.
+91- 9938012228
What we do
”Company Name” directors have had vast earlier experience in financial services, investment banking, advising on, drafting and enforcing sales policies and processes.