Question

1.Identify the following transaction to Personal Real and nominal account. * Received cash from Rajan Rs10 000 * Sold goods to Chandar on credit Rs 15 000 * Purchased goods from Rajiv on credit RS 5 000 * Paid salaries through ECS Rs 24 000 - Cash sales Rs 50 000(11th std accountancy)​

Answer 1

Answer:

1) real acc.

2) real acc.

3) real acc.

4) nominal acc.

5) real acc.