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Traditional Classification of Accounts made easy 📘✨
📝 In this video, we’ll understand the Traditional Classification of Accounts — a foundational concept in accounting. We’ll cover the 3 categories of accounts: 1️⃣ Personal Accounts – Related to persons or organizations. 2️⃣ Real Accounts – Related to assets. 3️⃣ Nominal Accounts – Related to expenses, losses, incomes ...
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