Personal , Real and Nominal Accounts | Type of Accounts | #1 Journal Entries Accounting | Class 11

Types of accounts and Golden Rules of Accounting in most easy way
Real, Personal, Nominal Accounts and Golden Rules of Accounting. Golden rules of Accounts, How to pass journal entries, what is personal accounts , what is nominal accounts, what is real accounts,
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𝐉𝐨𝐮𝐫𝐧𝐚𝐥 𝐞𝐧𝐭𝐫𝐢𝐞𝐬 𝐂𝐡𝐚𝐦𝐩𝐢𝐨𝐧 𝐒𝐞𝐫𝐢𝐞𝐬 𝐏𝐥𝐚𝐲𝐥𝐢𝐬𝐭 : 👇
• Personal , Real and No...
For Free Notes/PDF/ Test and All-Important stuff 👇
Telegram Channel Link is t.me/Class11AF
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐅𝐮𝐧𝐝𝐚 𝐀𝐩𝐩 𝐚𝐭 𝐏𝐥𝐚𝐲𝐬𝐭𝐨𝐫𝐞
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𝐖𝐞𝐛𝐬𝐢𝐭𝐞: AccountsFunda.com
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𝐒𝐭𝐮𝐝𝐞𝐧𝐭𝐬 𝐑𝐞𝐯𝐢𝐞𝐰 : accountsfunda....
𝐂𝐥𝐚𝐬𝐬 𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 : • Class 12 Accounts Clas...
 
𝐒𝐭𝐞𝐩𝐬 𝐓𝐨 𝐭𝐚𝐤𝐞 𝐭𝐡𝐞 𝐓𝐞𝐬𝐭
1. Download “Accounts Funda” App (Android Phone)
a. play.google.co... ( Android)
b. apps.apple.com... ( Apple ,Enter ORG Code : FUNDA)
2. Register as a Student
3. Go to Course : “Class 11 Accounts | App Access | CBSE/ISC | Full Course | 2022-23 | 160 Hours | 400 Questions”
Link is on-app.in/app/o...
4. Click on Content
5. Click on “Chapter 5: Journal Entries”
6 Attempt the Test
Real Account
• Represent the Assets and Properties Accounts:
• Classified into
1. Tangible Accounts: Land, Building, Machinery, Cash, Furniture, Vehicle Account
2 Intangible Accounts: Goodwill, Patents, Trademark etc
• Also known as balance sheet account as Real account is not closed at the end of the accounting year and are transferred to the Balance sheet
• Generally, have a Debit balance only
• Golden Rules of Accounting for Real Account
- Debit: What’s comes in
-Credit: what’s goes out
• Example: Furniture Purchased for Cash Rs 5,000
Furniture Dr ( Coming in) 5,000
To Cash ( Going Out) 5,000
Personal Account:
• It Represent the person or Business (Firms, Proprietorship Firm, Company etc)
• Can be classified into three
1. Natural Person: Vaibhav, Ram, Neha
2. Artificial Person: Reliance Industries, Wipro Ltd , HDFC Bank
3. Representative Company: Outstanding Expense , Outstanding Salary , Prepaid Rent
• They can have Debit or Credit balance
• Golden Rules of Accounting for Personal Account
-Debit the Receiver
-Credit the Giver
• Example: Cash Given to Neha Rs3,000
• Neha Account Dr (Receiver of Cash) 3,000
To Cash (Going Out) 3,000
Nominal accounts
• Related to Income / Gain and Expense /Losses Account
• Golden Rules of Accounting for Real Account
-Debit: All Expense and Losses
-Credit: All Income and Gain
• Example: Salary Rs 12,000 Paid
Salary A/c Dr ( Expense ) 12,000
To Cash ( Going Out) 12,000
#GoldenrulesofAccounting
#PersonalAccountRealAccountNominalAccount
#rulesofdebitandcredit
𝐅𝐮𝐥𝐥 𝐂𝐨𝐮𝐫𝐬𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞
Class 11 : accountsfunda....
For Full Class 11 /12 Video Please Visit www.AccountsFunda.com or Call / WhatsApp at 9549168168 for Class 11th and 12th (CBSE) Accounts.
𝐊𝐞𝐲 𝐅𝐞𝐚𝐭𝐮𝐫𝐞 𝐨𝐟 𝐏𝐞𝐧 𝐝𝐫𝐢𝐯𝐞 / 𝐌𝐞𝐦𝐨𝐫𝐲 𝐂𝐚𝐫𝐝 𝐕𝐢𝐝𝐞𝐨 𝐋𝐞𝐜𝐭𝐮𝐫𝐞 𝐨𝐟 𝐂𝐥𝐚𝐬𝐬 11 𝐭𝐡 𝐂𝐥𝐚𝐬𝐬 𝐛𝐲 𝐂𝐀 𝐃𝐞𝐞𝐩𝐚𝐤 𝐋𝐚𝐥𝐰𝐚𝐧𝐢
• Full Syllabus Covered
• 400 Question Solved in over 160 hours of video Lecture
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𝐀𝐛𝐨𝐮𝐭 𝐃𝐞𝐞𝐩𝐚𝐤 𝐋𝐚𝐥𝐰𝐚𝐧𝐢
• Deepak Lalwani, Chartered Accountant (CA) is known for his ability to explain accounting in a clear, concise, Simple and thorough manner.
• He can be reached at 9549168168 ( via Call or WhatsApp)
आपको अगर कोई सवाल है तोह जरूर कमैंट्स में हमें बताईये - अगर वीडियो अच्छा लगा तो लिखे और Subscribe जरूर कीजियेगा

[@Yt_page_02]

Mera to ho gya sir ❤
.....Aaj se pehle mujhe accounts or ledger entry bohut hard lagta tha lekin aapki video dekhne ke baad pta chala hee ki muskil kuch nhi hota bs samjhaane wala chahiye ❤❤
...
........... Dil ❤ se tnx sir 🎉

[@Abhishek62727]

Sir Aapka way of explanation kaafi accha hai..lecture attend karte time lag hi nahi Raha tha ki aap CA ho, Ek primary school teacher ki tarah aapne ek dum sab kuch softly clear Kiya👍🙏

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आप जैसा टीचर हो तो इंडिया का कोई भी बच्चा सर अनपढ़ नहीं रहेगा

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Achhe se smjh aaya sir thank you 🙏🏻

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Please let know.
I'm from arts. (B.A)
But i want to be an accountant so❤

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I attend your class first time. Really it is a great experience. All the doubts are clear now. Thank you so much sir 🙏.

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Hello

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क्या पढ़ाने का अंदाज है गुरु जी वेरी वेरी नाइस

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Sir aapka bahot bahot thannkk u
Jab clg me Mera ye lecture tha types of AC vaala tabhi
Health issue ki wajah se me absent tha par aapki Puri video dekhke
Mere saare doubts clear ho gye
Thank🙏🙏 uu so muchh sir ❤️❤️❤️❤️

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Bahut ache padhate ho ❤️🙏.... Mai accounting me job karta hu but kabhi kabhi bhule chij ko yad karne ke liye aapki video dekhta jarur 👍🏻❤️❤️ thanks a lot ❤️👍🏻

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आप बहुत ईमानदारी से पढ़ाते हैं आगे भी ऐसे ही पढ़ापड़ाते रहिए

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Thanks a lot pankaj :)

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Both jyada achhi hai video

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BAHUT BAHUT THANKS MAI PAPER SE 1 DIN PEHLE AP KI VIDO DEKH LETA HOON

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Sir aap ke wajha se na main tally main usihaar ban gaya hi 😊

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Thank you

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Sir, what difference between goodwill and branding .....🤔🤔

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Your explanation is very clear and a big thanks to you because I was from non commerce background but now in my undergraduation I have opted for bba and I have this accountancy subject . And your lecture literally came out so helpful for me . Thank you eir😊

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Sir aap humare teacher se bhi accha paddhate hai 🤞thank you sir ,kyuki sir me zero thi aab sacchi ban gayi hou

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Thank u sir
U ar awesome

[@drhemilpatel]

Hello sir, I am a Doctor need to learn basic of accounting. Have started with journal entry series .. very clear that even being a science student I am able to understand...
Need ur advice..
Which all series of lectures should I attend for basic accounting ?

[@AccountsFunda]

Hi Sir, thanks for watching my channel and glad that you like it too :)...for accounts series you can watch my latest series on UA-cam or u can visit my website accountsfunda...there you have all the option available

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wow..thats a nice complement...thanks a lot kumkum

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Sir me serf games khelta rehta hon but apki video dekh kar parhai me dil lag gaya sir 😍😍😍😍

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Super ❤

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Thank you sir

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My Pleasure Satish

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What explanation

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Sir apki videosh har ek student ko dekhni chahiye kiyu ke aap bhut ache se explain karte ho
THANK YOU sir for explain me ❤️❤️

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Bohot hi acche se padhaya hai aapne sir thanks sir ji😊

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Sir aap bahut ache se explain krte h
Mai ARTS student hu... Pr mujhe is topic mai jara sa bhi dout nhi rha...

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Sir tumchi shikvnyachi paddat khup bhari aahe
Thanks sir

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Great explanation
Very helpful video

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Aap bahut achha se questions ko define karte hai sir

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Sir aaphoko bhaut bhaut thanku 🙏
Ham Nepal🇳🇵se hu♥️❤️

[@AccountsFunda]

Thanks Rakesh Ji

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Sir really aap bohot achhe se concept clear krte ho 😊(thank you)sir

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Very nice

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Thank you sir 😊

[@chandnichachan]

Hlo sir... Capital, drawing, liability, loan, y sb kis account me aayenge.? Personal ya personal representative account m.