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Bank Accounts Bank O/D Accounts Capital Account Cash-in-Hand Current Assets Current Liabilities Duties & Taxes Expenses (Direct/Mfg.) Expenses (Indirect/Admn.) Fixed Assets Income (Direct/Opr.) Income (Indirect) Investments Loans & Advances (Assets) Loans (Liability) Pre-operative Expenses Profit & Loss Provisions/Expenses Payable Purchase Reserves & Surplus Revenue Accounts Sale Secured Loans Securities & Deposits (Assets) Stock-in-Hand Sundry Creditors Sundry Debtors Suspense Account Unsecured Loans 1.1.1. Account Type An Account refers to assets, liability , income and Expenditure as represented by individual Ledger , these are called the Nature in Accounting Module . There are four types of Nature in Accounts – 1) 2) 3) 4) Assets Liability Income Expenditure Nicole Infosoft (P)Ltd. ,Milap Nagar ,New Delhi (India)-110059 Page 40