Accounts world Debit and Credit.

When i start learning accounts, specially general entries, it was mix of fun and frustration. But i was happy that i am learning how the finance world is moving around accounts...... Three types of account:-

1. Real Account (accounts which represents assets) 
2. Nominal Account (accounts which represents expenses, loss, income, gains) 
3. Personal Account (accounts which represent people or organization)

  one more thing for today, three Golden rule of accounting:-

1. DEBIT what comes IN, CREDIT what goes OUT
2. DEBIT the receiver, CREDIT the giver 
3. DEBIT all the expenses, CREDIT all income and gains 

 Please try to learn above basic account terms with your heart and soul. People tend to ask basics in Interview, completions and just for fun to test your accounts knowledge as we generally forget basic things.
Good night!!!