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Basically there are three types of accounts they are: 1) Real Accounts 2) Nominal Accounts 3) Personal Accounts Let us understand the above in detail : 1) Real accounts - Assests or liabilties like Building, Land, Investments, Loans, Debentures, Equity etc are the real accounts. The Rule of this type of accounts is Debit what comes in and Credit what goes out. 2) Nominal Accounts - Incomes or Expenses like Rent, Stationery, Salary, Interest on Investments, Sales, purchases, Discount given or received etc are the Nominal Accounts. The Rule of this type of accounts is Debit the Expenses and Credit the Incomes. 3) Personal Accounts - Debtors or Creditors accounts are known as personal accounts. The Rule of this type of accounts is Debit the Receiver and Credit the Giver. I think this would suffice ur question... For futher more any query plz contact me on nikhilgokharu@Yahoo.co.in
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What is examples for Real Personal accounts?
Some examples for Real Accounts are cars and houses, while examples for Personal Accounts are credit cards.
How are business bank accounts different from personal bank accounts?
Business bank accounts tend to allow more withdrawals and have different rates of interest from personal banking accounts.
Classification of accounts?
Account is an individual and a formal record of a person, firm, company, asset, liability, goods, incomes and expenses. We can classify the accounts as per the traditional classification under the following heads: Natural Personal Accounts Artificial Personal Accounts Representative Personal Accounts
What types of accounts are offered at Alliance and Leceister?
There are several types of accounts offered at Alliance and Leicester. Some of these include personal banking accounts, investments accounts, and credit card accounts.
What types of accounts are offered from Amegy Bank?
Amegy bank offers checking accounts, saving accounts, interest accounts, business accounts, personal accounts, loans, credit cards, etc. They offer the normal accounts just as any other bank would.
Are bank accounts or CD accounts of a deceased person considered personal property?
Yes, bank accounts are personal property.
What is examples for Real Personal accounts?
Some examples for Real Accounts are cars and houses, while examples for Personal Accounts are credit cards.
How are business bank accounts different from personal bank accounts?
Business bank accounts tend to allow more withdrawals and have different rates of interest from personal banking accounts.
What types of bank accounts does Alpine Bank offer?
The Alpine Bank offers many different types of bank accounts including, personal saving accounts, personal checking accounts, Business checking/savings accounts and more.
Classification of accounts?
Account is an individual and a formal record of a person, firm, company, asset, liability, goods, incomes and expenses. We can classify the accounts as per the traditional classification under the following heads: Natural Personal Accounts Artificial Personal Accounts Representative Personal Accounts
Difference between personal accounts and impersonal accounts?
Personal accounts are those type of a/c which are personal while impersonal a/c are types of a/c which are not personal and consist of two other types of a/c which are :Nominal and Real account
What Personal accounts remain after the person's?
penis
What website can you talk to sleeping with sirens?
None unless they have stated otherwise. The only personal accounts they have are their Twitter accounts and Instagram accounts.
What types of accounts are offered at Alliance and Leceister?
There are several types of accounts offered at Alliance and Leicester. Some of these include personal banking accounts, investments accounts, and credit card accounts.
What services does Capital City Bank of Tallahassee offer?
Capital City Bank of Tallahassee offers both personal and business banking services. They offer personal and business checking accounts, retirement accounts,and savings accounts.
Is there a bank regulation that covers depositing business checks into personal accounts?
same rules apply for all business and personal checking accounts as per cross deposits.
What types of accounts are offered from Amegy Bank?
Amegy bank offers checking accounts, saving accounts, interest accounts, business accounts, personal accounts, loans, credit cards, etc. They offer the normal accounts just as any other bank would.
