For other accounts like expenses or losses, a certain expense has been incurred by the firm or has lost money.This is moreover related to the personal account. Thus, when a person is liable to do something for a firm, the fact is mentioned using that person’s account. Also, there is a case in which a person has received some benefit against some service given by him or will be rendered by him in the future.For goods or properties, the value and use of such goods have been increased.This is moreover related to the nominal account. In the case of different accounts like dividend or interest or commission received, or the discount to be gained, it is reported that the firm has made again.This is moreover related to real accounts.
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