The document outlines three types of accounts in accounting - personal, real, and nominal accounts - and provides rules for debiting and crediting transactions to each. Personal accounts debit the receiver and credit the giver. Real accounts debit assets entering the business and credit assets leaving. Nominal accounts debit expenses and losses, and credit incomes and profits. The document also includes a classification of different types of accounts and contact information.

1. TYPES OF ACCOUNTS AND
RULES FOR ACCOUNTING
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2. 1) Personal Account:-
• Natural Persons
• Artificial Persons
• Representative Persons
The person receiving something is given debit
The person giving something is given credit.

3. 2) Real Account:-
• Goods
• Assets
Assets entering the business is given debit
Assets leaving the business is given credit.

4. 3) Nominal Account:-
• Expenses and Losses
• Incomes and Profits
Accounts of expenses and losses are debited
Accounts of incomes and profits are credited.

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

6. Rules of Double Entry System
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. Debit Receiver
Personal Account
Credit Giver
Debit What comes in
Real Account
Credit What goes out
Debit Expenses & Losses
Nominal Account
Credit Incomes & Gains
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