Prof. S.N. Gaikwad is the Vice Chairman and Prof. S.R. Tajane is a faculty member. The document discusses different types of accounts used in accounting - personal accounts, impersonal accounts, real accounts, and nominal accounts. It provides rules for debiting and crediting transactions in each type of account, such as debiting the receiver and crediting the giver for personal accounts.

1. Prof.S.N.Gaikwad
Vice Chairman
Prof.S.R.Tajane
Faculty Member

5. Natural
Persons
Accounts
Impersonal
Accounts
Artificial
Persons
Accounts
Representative
Persons
Accounts
Real
Accounts
Nominal
Accounts
Goods Assets

6. Accounts Rules
Personal
• Debit the receiver
• Credit the giver
Real
• Debit what comes in
• Credit what goes out
Nominal
• Debit all expenses and
losses
• Credit all incomes and gains

7. NominalAccount
Credit Incomes & Gains
Debit Receiver
PersonalAccount
Credit Giver
Debit What comes in
RealAccount
Credit What goes out
Debit Expenses & Losses

9. Prof. Satish R. Tajane
(M.Com, GDC&A,CMA-Inter,Ph.D. Appear)
GST & Income Tax
Consultant