In accouting golden rules is a base of recording transactions because without golden rules we can not record transactions properly thats why it is very important for us.

Types of accounts
There are three type of accounting

Personal accounts
Real accounts
Nominal accounts

Personal account 
This is a account of the person whom the business is required to deal with .

Eg. Ram, Ram pvt ltd, hdfc bank, etc.

Real accounts 
all the tangible or intangible assets are real account

Eg. Furniture & fixtures, good will ,etc.

Nominal account  
all accounts that maintain all expenses and losses or all income or gains are nominal

Eg. Rent expenses, salary expenses, sales, purchase, etc.

Golden rules of accounting

Personal a/c
Debit the reciver
Credit the giver

Real A/c
Debit what comes in
Credit what goes out

Nominal A/c
Debit all expenses and losses
Credit all income and gains