How can we easily identify an account which is a real, personal or a nominal account?

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List of items comes under the real,personal,nominal a/c?
Posted by:
madhu rao
09-October-2017

Accounting Tally Auditing Peachtree Accountancy

Question added by Kripesh Krishnan Kutty Nair , Merchandiser , Al Seer Group
Date Posted: 2015/01/01

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1 Answers

by Deleted user

1- Real accounts are assets .

2- Personal accounts are receivables and payable accounts .

3- Nominal accounts are revenues and expenses

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