brief detail about classification accounts in a very simple language

1. By kishan lal sharma

2. Account

3. 1. PERSONAL ACCOUNT :-
Sharma & Sharma’s Account

4. 1) Natural personal account
 Ram’s A/c.
1) Artificial personal account
 Shyam & Co. A/c.
1) Group representative personal account
 Debtors A/c.
 Prepaid Exp. A/c.
 Expenses A/c.
1) Proprietor personal account
 Capital A/c.
 Drawing A/c.
 Note:- The Balance of personal a/c are shown in Balance Sheet
at the end of financial year.

5. The account to any institution, firm ,company are
not related is called Impersonal Account.
Impersonal account were….
Real account
Nominal account

6. It is use in running business successfully is
called real a/c.
Real account were…
1. Goods A/c
(Purchase a/c ,Sales a/c)
1. Assets A/c
(Land a/c. , Building a/c.)