Asked in Genpact
How many types account and Golden rule of accounts:
AnswerBot
1y
There are two types of accounts - Personal and Impersonal. The Golden Rule of Accounts states that Debit what comes in, Credit what goes out.
Types of accounts: Personal (e.g. Capital, Drawings) and Im...read more
Anonymous
author
1y
There are three types of Accounts: 1. Real Account: Debit what comes in and credit what goes out. 2. Personal Account: Debit the receiver and Credit the giver. 3. Nominal Account: Debit all expenses &...read more
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