Real account represents - Tangible and Intangible assets, Nominal account represents - Expenses & Losses, and Income and gains, Personal account represents  - Persons and Firms, Sales - Income - Nominal, Goods - Asset- Real Account, Rent Paid - Expense-Nominal, Bank of Maharashtra A/c - Personal account, Machinery A/c - Asset- Real Account, Salary received - Income - Nominal,

Accounts

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