Personal Accounts:
Personal accounts are accounts that represent individuals, firms, companies, or any other entity with whom a business has a direct relationship. These accounts are maintained to record transactions related to the people or entities involved in a business. Personal accounts can be further classified into three types: natural, artificial, and representative accounts.

- Natural Accounts: Natural accounts are personal accounts that represent individuals. Examples of natural accounts include accounts for individuals, such as Mr. X, Ms. Y, etc.

- Artificial Accounts: Artificial accounts are personal accounts that represent artificial persons or entities such as firms, companies, or organizations. Examples of artificial accounts include accounts for companies, such as ABC Ltd., XYZ Corp., etc.

- Representative Accounts: Representative accounts are personal accounts that represent individuals or entities who act on behalf of others. Examples of representative accounts include accounts for agents, such as sales agents, brokers, etc.

Real Accounts:
Real accounts are accounts that represent tangible assets, liabilities, or capital. These accounts are maintained to record transactions related to the assets, liabilities, and capital of a business. Real accounts can be further classified into three types: tangible, intangible, and fictitious accounts.

- Tangible Accounts: Tangible accounts represent physical assets that can be seen, touched, or measured. Examples of tangible accounts include accounts for cash, buildings, machinery, etc.

- Intangible Accounts: Intangible accounts represent assets that do not have a physical existence but have value. Examples of intangible accounts include accounts for patents, trademarks, copyrights, etc.

- Fictitious Accounts: Fictitious accounts represent imaginary or non-existent items. These accounts are used to balance the books of accounts. Examples of fictitious accounts include accounts for discounts, suspense accounts, etc.

Nominal Accounts:
Nominal accounts are accounts that represent revenues, expenses, gains, or losses. These accounts are maintained to record transactions related to the income and expenses of a business. Nominal accounts are temporary in nature and are closed at the end of an accounting period. Examples of nominal accounts include accounts for sales, salaries, rent, etc.

In summary, personal accounts represent individuals, firms, or entities, real accounts represent tangible and intangible assets, liabilities, and capital, and nominal accounts represent revenues, expenses, gains, or losses. These three types of accounts are essential in accounting as they help in recording and organizing financial transactions effectively.

It is real account debit what comes in credit what's goes out