Question

(14) Classify the following accounts. 1. Demurrage Account 4 2. Interest on Drawings Account 5. 3. Closing Stock Account 6. Dead Stock Account Bijal's Account Income Tax Account transactions and exp​

Answer 1

1 ) Demurrage Account -Nominal A/c

2 ) Drawing A/C - Personal A/c

3 ) Closing Stock Account - Real A/c

4 ) Nominal account i am not sure about that