Question

6.Capital A/c is which
Alc
O Personal Account
O Real account
Nominal Account
None of the above
Other:​

Answer 1

Answer:

Personal Account

Explanation:

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Answer 2

ANSWER :

Capital A/C is

O Personal Account ✓

O Real account

O Nominal Account

O None of the above

• Capital Account is a Personal Account.

MORE TO KNOW :

❖ Personal Account :-

• Personal Account is an account head under Traditional Approach or English Approach of accounts classification. Account heads pertaining to persons, firms, conpanies, organizations etc. are called Personal Accounts.

❖ Personal Accounts are further classified into three categories :-

• [1] Natural Personal Accounts : Account heads under Personal Accounts recording the transactions of individual human beings fall into the category of Natural Personal Accounts.
• For example :- Accounts of Ram, Jadu, Suresh, Krishna, Riya etc.

• [2] Artificial Personal Accounts : Account heads under Personal Accounts recording the transactions of concerning firm, company, institutions, associations, organizations etc. fall into the category of Artificial Personal Accounts.
• For example :- Guwahati Commerce College A/C, Assam Tea Company A/C, Guwahati Club A/C, State Bank of India A/C etc.

• [3] Representative Personal Accounts : Representative Personal Accounts are the accounts which represent a certain person or a group of person although the name of the concerned person and persons are not mention in the account head.
• For example :- Salary Prepaid A/C, Unexpired Insurance or Insurance paid in Advance A/C, Outstanding Wages A/C etc.