Types of Accounts

Study Outcomes of Types of Accounts – Real, Nominal & Personal Accounts Tutorial After reading the Types of Accounts Explanation, Examples & Summaries, the accounting students could understand and answer to:

Accounting Equation Assets = Capital + Liabilities

The Accounting Equation describes what actually are the resources that are applied in the Business & who supplied those resources (where have they come from). Resources Available to Run a Business = Where these Resources Read More …

Types of Ledgers

The double entry transactions are recorded in the ledger accounts. Please remember that the Books of Original Entries & ledgers are different things. Every financial transaction is recorded on the double entry system in at Read More …