Types of Accounts and Golden Rules | Accounting Basics Explained | Prayug скачать в хорошем качестве

Types of Accounts and Golden Rules | Accounting Basics Explained | Prayug

In this video, you will learn about the Types of Accounts in Accounting and their Golden Rules in a simple and easy way. Understanding these three types of accounts is very important for passing journal entries correctly. 📌 3 Types of Accounts: 1️⃣ Real Account Deals with assets and property. 📖 Rule: Debit what comes in, Credit what goes out. Examples: Cash Account, Machinery Account, Building Account 2️⃣ Personal Account Deals with individuals, companies, and institutions. 📖 Rule: Debit the Receiver, Credit the Giver. Examples: Ram’s Account, Bank Account, XYZ Ltd. 3️⃣ Nominal Account Deals with expenses, losses, incomes, and gains. 📖 Rule: Debit all Expenses & Losses, Credit all Incomes & Gains. Examples: Salary Account, Rent Account, Interest Received 🎯 What You Will Learn: Meaning of Each Type of Account Golden Rules of Accounting Practical Journal Entry Examples Easy Trick to Remember the Rules 📚 This Video is Perfect For: Class 11 & 12 Commerce Students B.Com Students Accounting Beginners Competitive Exam Aspirants By the end of this video, you will clearly understand all three types of accounts and their golden rules.