Any business or corporation cannot function properly unless its accounts are accurately maintained and updated. Accounting can only be done well if the golden rules are followed. Real, Personal, and Nominal accounts are the most common. Real accounts are linked to assets and liabilities, such as a person's bank account. Personal is related to businesses and organisations in the same way that a creditor account is. Like an interesting account, nominal is related to income, loss, and gain. Accounting's golden rules can be described using the terms Credit and Debit, which vary depending on the type of account. Download this PPT to learn more about the subject.

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