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what are nominal, personal and real …

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what are nominal, personal and real accounts?
  • 2 answers

Kiran Srivastava 5 years, 10 months ago

sry losses and gains ??

Kiran Srivastava 5 years, 10 months ago

A real a/c is a general ledger account relating to assests and liabilities other than peaople accounts . These are accounts that don't close at year end and are carried forward... A personal a/c is general leadger a/c connected to all persons like individual, firms, and assosiation... A nominal a/c is a general ledger account pertaining to all income,expenses, losses and account ..
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