A-5 Account in Accountancy ... basics & types / Classification of Account (Series A 11th)
Channel: JANKARI HITT
Date: 2020-07-01

#account
#traditionalapproach
#equationbasedaccounttype
#accountancybookkeeping
#commercestudents
Hello students in this video concept of account is described in a very effective and simple way to understand up-to perfection. what is account ? account is a detail record of business transaction under special head . The transactions may be cash or credit . then types of account on two basis ... one is equation system based  i.e Assets accounts , liabilities accounts ,expenses accounts , capital accounts & revenue accounts .
  then the other base of classification of account is Traditional approach . under traditional approach the account is of three types . These are Personal account , real account and nominal account .all such types of both basis are explained in a very effective way up-to level of students . lets enjoy the video and like & share it maximum .