Management , cash and financial accounting mein difference batao please?

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What is personal Account? Difference between personal and real Account. Related: Basic Accounting Accounts:- It is used to give the information of money which comes in business and go out from business. Accountings:- Accounting is the systematic recording of daily transaction business classification and summarization. Process of Accounting Transaction Recording Classification Summarization Analysis Interpretation Classification of the types of the accounts and rules of debit and cread it. (1) Personal Account:- These Accounts related any person or firm e.g. Accounting for customers, supplier, owners. [Debit the receiver | Cread it giver ] (2) Real Accounts:- These Accounts for fixed and current assets such as cash, building, machinery etc. [Debit comes in | Cread it goes out ]

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Cash basis of accounting is not a better basis for detecting the correct financial position of an enterprise. DO YOU AGREE.?

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