This document discusses accounting principles and rules. It describes different types of accounts including personal accounts (natural, artificial), real accounts, and nominal accounts. It provides rules for each type of account: debit the receiver and credit the giver for personal accounts, debit what comes in and credit what goes out for real accounts, and debit expenditures/losses and credit incomes/gains for nominal accounts. The document concludes that the first step to recording financial transactions is creating a chart of accounts to classify transactions.

1. Hotel Accounts and
Finance

3. Smoking is Injurious to Health

4. Drinking is Injurious to Health

5. AARKEY CREATIVE WORKS

6. Principles of Accounting
By
Rama Krishna dot Angirekula

7. Principles of Accounting:
These are known as rules of
accounting or classification of accounting. The
rules of accounting are broadly classified into
2 types.
• Personal Account
• Impersonal Account

9. Personal Accounts
Personal accounts may be further classified into
three categories:
• Natural Personal Account: An account related to
any individual like David, George, Ram..
• Artificial Personal Account: An account related to
any artificial person M/s Reliance Industries...

10. Rule for Personal Account
“ Debit the Receiver
Credit the Giver”

11. Impersonal Accounts
it is classifying into two ways.
1. Real Accounts
2. Nominal Accounts
Real Accounts: an account related with assets
of the company like land, building, furniture,
machinery, premises, loose tools..
Nominal Accounts: an account related with
expenses, losses, incomes and gains.

12. Rule for Real account
“Debit what comes in
Credit what goes out”

13. Rule for Nominal Account
“Debit all Expenditure and Losses
Credit all Incomes and Gains”

14. Conclusion:
• The first step to recording your company's
financial transactions is creating a chart of
accounts. This is a list of accounts you will use
to classify financial transactions.

16. Biography
"A. P. J. Abdul Kalam (15-10-1931 to 27-07-2015)
was -the 11th president of India from 2002 to
2007. A career scientist turned politician, Kalam
was born and raised in Rameswaram, Tamil Nadu,
and studied physics and aerospace engineering.
He spent the next four decades as a scientist and
science administrator, He thus came to be known
as the Missile Man of India . Kalam was elected
as the 11th President of India in 2002 Widely
referred to as the "People's President.