Account
It is an indicator
which indicate to the nature and category of transaction item.
Generally there are
two types of accounts:
v
Personal account
v
Impersonal account
v
Personal
Account:- Those accounts which indicate to the particular
person, group of person, partnership business, financial organization
like-bank, outstanding/prepaid but income or expense is called personal
account.
Like:- ram a/c, mohan a/c, tata
pvt. Ltd. a/c, relaince ltd. Etc.
It is divided into three types:
ü
Natural Personal account
ü
Artificial personal account
ü
Representative personal account
ü
Natural personal accounts:- Those account which
indicate to the particular person is called natural personal account. Like:-
ram a/c, sohan a/c, etc.
ü
Artificial personal accounts:- Those account which
indicate to the group of person, partnership business, financial organization[bank]
is called artificial personal accounts.
Financial organization [bank] is called artificial personal account like
rakesh enterprises, mohan pvt ltd. Etc.
v
Representative personal accounts:- Those accounts which
indicate to the outstanding/prepaid but income or expenses is called
representative personal account.
Like:- Outstanding/prepaid rent paid/
received
Outstanding/prepaid salary paid/ received
Outstanding/prepaid interest paid/ received
v
Impersonal Accounts:- Those account which indicate all type of
assets and current income or expence is called impersonal account.
There are two types:-
ü
Real accounts
ü
Nominal accounts
ü Real Accounts:- All types of assets is called real account.
It is divided into two parts:
ü
Tangible real account
ü
Intangible real account
ü Tangible real
account:- Those assets which we can touch, see and feel is called tangible real account.
Like:- building, furniture and fixture land,
plant and machinary, cash, etc.
ü Intangible real
accounts:- Those assetes which cannot touch just see and feel is called intangible
real account.
Like:- trade mark, company logo, ISO mark, copr
right number, etc.
ISO- Internantional Standard Organization
ü Nominal account:- Those account which
indicate the current income or expense is called nominal account.
Like:- Rent Paid/ Received,
Salary Paid/ Received .
Golden rules of
accounts
Personal Account to Personal Account
Debit:-The Receiver - पाने वाले को डेबिट करो
Credit:-The Giver - देने वाले को कà¥à¤°à¥‡à¤¡à¤¿à¤Ÿ करो
Real Account to Real Account
Dedit:-What Comes In - जो वसà¥à¤¤à¥ वà¥à¤¯à¤¾à¤ªà¤¾à¤° में आये उसे डेबिट करो
Credit:-What Goes Out - जो वसà¥à¤¤à¥ वà¥à¤¯à¤¾à¤ªà¤¾à¤° में जाये उसे
कà¥à¤°à¥‡à¤¡à¤¿à¤Ÿ करो
Nominal Account to Nominal Account
Debit:-All Expenses and Losses - वà¥à¤¯à¤¯
à¤à¤µà¤‚ हानियों को डेबिट करो
Credit:-All Income and Gains - आय
à¤à¤µà¤‚ लाà¤à¥‹à¤‚ को कà¥à¤°à¥‡à¤¡à¤¿à¤Ÿ करो