There are three type of accounts.
Personal Accounts are those accounts which are related to any person or any organization are known as personal accounts e.g., Anand’s a/c, Remesh’s a/c, bank’s a/c etc.
Real Accounts are those accounts which are deals with any fixed assets and touchable things which are use in business transaction are known as Real Accounts e.g. cash a/c, machinery building etc.
Nominal Accounts is a suspense accounts. The accounts recording transaction relating to the losses, gains, expenses and income e.g. Rent, salaries, wages, commission, bad debts etc.