Ram started his bussiness with cash re 500000 journilise the question

DateParticularL.FDebit Credit

a.Cash a/c Dr.500000

To capital a/c.500000

Personal account is related to proper noun like name of person, name of bank and company.

Rules for personal account:

Debit: the receiver

Credit: The giver

Personal Account is used to record credit transactions.

It is related to visible things except personal account terms.

For example: Goods, Cash, Furniture, Vehicles, Buildings.

Rules for Real Account:

Debit: What comes in

Credit: What goes out

Nominal account refers to those things which cannot be seen but can be expressed in terms of money.For example: Rent, Salary, Wages, Commission, Tax etc.

Rules for Nominal Account:

Debit: All expenses and losses

Credit: All income and profit

Note: Every debit should have equal credit.

Hope this helps..

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