What are the types of accounts in modern accounting

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Madhura Sagar Gadre

Accountancy for CBSE, ISC, PUC 11th/12th, BBA, BCom and MBA

The Accounting function comprises of Financial Accounting (Which primarily looks after recording and classification of business transactions), Cost Accounting (which studies the nature of various costs involved in business) and Management Accounting (Which is a key tool for strategic decision making...
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The Accounting function comprises of Financial Accounting (Which primarily looks after recording and classification of business transactions), Cost Accounting (which studies the nature of various costs involved in business) and Management Accounting (Which is a key tool for strategic decision making in business organizations, using the accounting information) read less
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FINANCIAL ACCOUNTING, COST ACCOUNTING,MANAGEMENTACCOUNTING AND FINANCIAL MANAGEMENT
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Chartered Accountant (In teaching snice 2013)

As explained by my collegues there are various branches in accounting which they have mentioned eg. Cost accounting etc. There are only three types of accounts Real, Personal and Nominal. No new type has been discovered. These types of accounts are only used in the various branches of accounting as mentioned...
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As explained by my collegues there are various branches in accounting which they have mentioned eg. Cost accounting etc. There are only three types of accounts Real, Personal and Nominal. No new type has been discovered. These types of accounts are only used in the various branches of accounting as mentioned by my collegues. read less
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Accountancy Faculty

1.Personal Account 2.Real Account 3. Nominal Account
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