It is classified in to three
1.REAL ACCOUNTS
Debit: The Receiver
Credit: The Giver
2.PERSONAL ACCOUNTS
Debit:What Comes in
Credit:What Goes out
3.NOMINAL ACCOUNTS
Debit:all Expenses and Lose
Credit: all Incomes and Revenues
1.REAL ACCOUNTS
Debit: The Receiver
Credit: The Giver
2.PERSONAL ACCOUNTS
Debit:What Comes in
Credit:What Goes out
3.NOMINAL ACCOUNTS
Debit:all Expenses and Lose
Credit: all Incomes and Revenues