Question

1.6 Classify the following accounts under the types of Personal, Real and Nominal account.1) Mr. Rohit's capital A/C2) Loose Tools A/c3) Drawing A/c4) Cartage A/C5) Prepaid Rent A/c6) Copyright A/C7) Patent A/c8) Outstanding Income A/C9) Prepaid Expenses A/c10) Commission Received A/c11) Freight A/C12) Plant and Machinery A/c13) Sundry Income A/c14) Live Stock A/c15) Goods distributed as free sample A/C 16) Radhika's A/C17) Outstanding Wages A/c18) Loss on Sale of Furniture A/c19) Bank of Maharashtra A/c20) Loan A/C21) Computer A/C22) Legal Expenses A/c23) Fixed Deposit Alc24) Income Receivable A/c25) Audit Fees A/C26) Trademark A/c27) Loss by fire A/c28) Motor Car A/C29) Income tax A/C30) GST A/c (Goods and Service Tax)31) Siddhivinayak Trust A/c32) Offfice Equipment A/c33) Stock of Stationery A/c34) Indian Railways A/c35) Income Received in Advance A/c 36) Dividend on Investment Advance A37) Discount A/c38) Raj & company A/c39) Repairs A/C40) Royalty A/C​

Answer 1

Answer:

debtor and creditor = personal a/c

asset = real a/c

liabilities  = real a/c

expenses = nominal a/c

income = nominal a/c