Personal account:

Accounts related to individuals, firms, organizations,

or companies.
Personal accounts may be:
a) Accounts of natural or physical persons.
Ex: Rama Account, Krishna Account
b) Accounts of artificial or legal persons.
Ex: ABC & Co.
c) Representative personal account.
Ex: Outstanding Expenses Account
Outstanding income Account
Prepaid Expenses Account
Income Received in Advance
Capitals
Drawings

Rules of Accounting:
Debit - the Receiver
Credit - the Giver

Real Account
These are asset accounts that appear in the Balance Sheet. They
are referred to as Real Account (or Permanent Accounts) as these
are owned by businesses and the balances in these accounts at
the end of an accounting period will be carried over to the next
period.
Ex: Cash Account
Land Account
Building Account

Also accounts related to assets of a tangible or intangible nature
comes under this category of accounts
Tangibles - Plants and machinery, furniture and fixtures,
computers and information processing equipment
Intangibles - Goodwill, patents, copyrights, trademarks, purchase


Rules of Accounting:
Debit - what comes in
Credit -what goes out

Nominal Account These are accounts of expenses and losses
which a business incurs and income & gains which a business
earn in the course of business.
Ex: Rent Account
Interest Account
Discount
Utilities
Dividends

Rules of Accounting:
Debit - all expenses and losses
Credit - all income and gains