Question

2.2 (B): Classify the accounts into Personal, Real & Nominal
(1) Rent A/C
(2) Capital A/C
(3) Outstanding Interest A/C
(4) Machinery A/c
(5) Rajeshwari A/c (6) Bank Loan A/C
(7) Drawing A/C
(8) Interest A/C
(9) Dividend A/C
(10) Carriage A/C
(11) Furniture A/c (12) Computer A/c
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Answer 1

Answer:

1) Nominal account

2) personal account

3) Personal account

4) Real account

5) Personal account

6) personal account

7) Personal account

8)Nominal account

9) Nominal account

10) Nominal account

11) real account

12) real account

Explanation:

hi brothers and sisters

Personal account : Accounts relating to person is called personal account the personal account may be natural or artificial or represent the personal account may be natural or artificial or representative personal account

Real account : All accounts relating to tangible and intangible properties possessions are called real accounts

Nominal account : The account relating to expenses , losses , revenues and gains are called nominal account

Example salary,wages,rent ,interest