Question

0.6 Classify the following accounts under the types of Personal, Real and Nominal account.
1) Mr. Rohit's capital A/C
2) Loose Tools A/c
3) Drawing A/C
4) Cartage A/C
5) Prepaid Rent A/c
6) Copyright A/C
7) Patent Alc
8) Outstanding Income A/c
9) Prepaid Expenses A/c
10) Commission Received A/c
11) Freight A/c
12) Plant and Machinery A/c
13) Sundry Income A/C
14) Live Stock A/c
15) Goods distributed as free sample A/c 16) Radhika's A/c
17) Outstanding Wages A/c
18) Loss on Sale of Furniture A/c
19) Bank of Maharashtra A/c
20) Loan A/C
21) Computer A/C
22) Legal Expenses A/c
23) Fixed Deposit A/c
24) Income Receivable A/c​

Answer 1

Answer:

personal ac- 1.3.5.8.9.10.16.17.19.20.24

nominal ac- 4.11.13.14.15.18.22

real ac- 2.6.7.12.21.23

Answer 2

CLASSIFICATIONS OF DIFFERENT ACCOUNTS UNDER PERSONAL,REAL AND NOMINAL ACCOUNT ARE:

PERSONAL: 1) Mr. Rohit's capital A/C, 3) Drawing A/C,5) Prepaid Rent A/c,                      8) Outstanding Income A/c , 9) Prepaid Expenses A/c , 16) Radhika's A/c,  17) Outstanding Wages A/c, 19) Bank of Maharashtra A/c, 20) Loan A/C, 24) Income Receivable A/c​

NOMINAL: 4) Cartage A/C, 10) Commission Received A/c, 11) Freight A/c18) Loss on Sale of Furniture A/c, 13) Sundry Income A/C, 14) Live Stock A/c , 15) Goods distributed as free sample A/c 22) Legal Expenses A/c

REAL: 2) Loose Tools A/c6) Copyright A/C , 7) Patent A/c, 12) Plant and Machinery A/c, 21) Computer A/C, 23) Fixed Deposit A/c