Account mean to maintain the record of one’s money expenditures regarding debit and credit changes.Moreover, Account consists of five types such as assets,liability,expenditure, income and equity.It is further classified as real, personal and nominal account according to the purpose of account opening.Real account deals with tangible and non-tangible goods, while personal account deals with each person own account and nominal account deals with temporary income and expenses like Electricity bill,sales and purchase.Now a days,account is considered as a compulsory part of life.Every one has to deal with sales and purchase; so one has to one’s personal or business account.
