Professional Documents
Culture Documents
Accounts
Real A/c
Nominal A/c
Personal A/c
Valuation A/c
Personal A/c- These are accounts of
individuals, firms, companies, bankers,
associations with whom businessman deals
Personal A/c
Groups/
Natural
Representative
Personal Artificial
Personal
A/c Personal A/c
A/c
Rule of Personal
Account
Real A/c
Nominal A/c
Expenses
Incomes and
and
Gains A/c
Losses
A/c
Rule of Nominal
Account
Sol: Journal
Date Particulars LF Debit Credit
Cash A/c (Rs)
10000 (Rs)
Dr. 10000
To, Capital
Furniture A/c A/c 4000
Dr. 4000
To, Cash
Purchases A/c A/c 2000
Dr. 2000
Mohan To,
A/c Mohan 1000
Dr. 1000
To, Cash A/c
Purpose of balancing
ledger a/cs: