Question

Classification of Accounts under Personal Account, Real Account and Nominal Account
IV
Q.3. Classify the following accounts under the types of Personal, Real and Nominal Account
1 Life Insurance Premium Alc
Mr. Kulkarnis's Capital Alc
Goods A/C
Freight A/c
Wages Alc
Vi Goodwill A/C
VII Copyright Alc
VIH. Outstanding Income A/C
Bank Charges A/C
Outstanding Expenses Alc
Sundry Income Alc
xii. Income Receivable A/c
xili Export Duty A/C
XIV. Furniture A/C
XV . Import Duty A/C
xvi.
Free Sample Distribution A/c
XVII. Sundry Expenses Alc
xviii. Discount Alc
XIX
Fixed Deposit Alc
. Drawings Alc
ХХ.
xxii. Office Equipment A/c
XXI Profit on Sale of Furniture A/C
xxiii. Bank of India Alc
xxiv. Machinery A/C
xxvi. Loss on Sale of Machinery A/c
XXV .
Carriage Outward Alc
xxvii. Loan A/C
xxviii. Deposits with MSEB A/C
Legal Expenses A/C
XXIX . Loss by Fire A/C​

Answer 1

Answer:

Classification of Accounts under Personal Account, Real Account and Nominal Account

IV

Q.3. Classify the following accounts under the types of Personal, Real and Nominal Account

1 Life Insurance Premium Alc

Mr. Kulkarnis's Capital Alc

Goods A/C

Freight A/c

Wages Alc

Vi Goodwill A/C

VII Copyright Alc

VIH. Outstanding Income A/C

Bank Charges A/C

Outstanding Expenses Alc

Sundry Income Alc

xii. Income Receivable A/c

xili Export Duty A/C

XIV. Furniture A/C

XV . Import Duty A/C

xvi.

Free Sample Distribution A/c

XVII. Sundry Expenses Alc

xviii. Discount Alc

XIX

Fixed Deposit Alc

. Drawings Alc

ХХ.

xxii. Office Equipment A/c

XXI Profit on Sale of Furniture A/C

xxiii. Bank of India Alc

xxiv. Machinery A/C

xxvi. Loss on Sale of Machinery A/c

XXV .

Carriage Outward Alc

xxvii. Loan A/C

xxviii. Deposits with MSEB A/C

Legal Expenses A/C

XXIX . Loss by Fire A/C​

Answer:

 

Explanation:

 

Explanation: