1. Basic Accounting (1) Accounting equation
(2) Double-entry, Journals & General Ledger
(3) Types of Account
Prepared by: celeste ng
Date: 14 September, 2015

2. Source: https://en.wikipedia.org/wiki/General_ledger
Each bookkeeping entry記賬條目debits one account and credits another account in an equal amount, the double-entry bookkeeping system helps ensure that the general ledger is always in balance, thus maintaining the accounting equation:
Asset = Liabilities + (Shareholders or Owners Equity)
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3. Accounting Equation (1)
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4. Accounting Equation (2)
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5. Principle of debit and credit
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6. Double-entry (source: http://i.ytimg.com/vi/4-t0pLfMfgk/maxresdefault.jpg

7. Double-entry

8. Types of Account (1) (Source: http://www. accountingtuition
Accounts can also be classified into Personal, Real and Nominal.  The classification may be illustrated as follows :
Nominal

9. Types of Account (2) (Source: http://www. accountingtuition
Personal Accounts : The accounts which relate to persons. Personal accounts include the following.
Natural Persons : Accounts which relate to individuals. For example, Mohan’s A/c, Shyam’s A/c etc.
Artificial persons : Accounts which relate to a group of persons or firms or institutions. For example, HMT Ltd., Indian Overseas Bank, Life Insurance Corporation of India, Cosmopolitan club etc.
Representative Persons: Accounts which represent a particular person or group of persons. For example, outstanding salary account, prepaid insurance account, etc.
Business may keep business relations with all the above personal accounts, because of:
Buying goods from them or selling goods to them or borrowing from them or lending to them. Thus they become either Debtors or Creditors.

10. Types of Account (3) (Source: http://www. accountingtuition
Impersonal Accounts: All those accounts which are not personal accounts. This is further divided into two types viz. Real and Nominal accounts.
Real Accounts: Accounts relating to properties and assets which are owned by the business concern. Real accounts include tangible and intangible accounts. For example, Land, Building, Goodwill, Purchases, etc.
Nominal Accounts: These accounts do not have any existence, form or shape. They relate to incomes and expenses and gains and losses of a business concern. For example, Salary Account, Dividend Account, etc.

11. Types of Account (4) (Source: http://www. accountingtuition
Golden Rules of Accounting:
All the business transactions are recorded on the basis of the following rules.
S. No
Name of Account
Debit aspect
Credit aspect 1
Personal
The Receiver
The Giver 2
Real
What comes in
What goes out 3
Nominal
All expenses and losses
All incomes and gains

12. Main point of reference