Professional Documents
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REAL NOMINAL
PERSONAL ACCOUNT
DEBIT: the receiver
CREDIT: the giver
TYPES NATURAL PERSOANL A/C ARTIFICAL PERSONAL A/C REPRESENTATIVE PERSONAL A/C
REAL ACCOUNT
DEBIT: the what comes in
CREDIT: the what goes out
NOMINAL A/C
DEBIT:all expenses and losses
CREDIT: all gains and incomes