Question

classify the following account and give brief explanation:
1.Bank overdraft account
2.Insurance premium account
3.Stationery stock account
4.Commission received account
5.Shares of tata company account
6.Purchase return account
7.Gujarat university account
8.Goods destroyed by fire account​

Answer 1

Explanation:

1) Nominal account

1) Nominal account2) Nominal account

1) Nominal account2) Nominal account3) Real account

1) Nominal account2) Nominal account3) Real account4) Nominal account

1) Nominal account2) Nominal account3) Real account4) Nominal account5) Nominal account

1) Nominal account2) Nominal account3) Real account4) Nominal account5) Nominal account6) Nominal account

1) Nominal account2) Nominal account3) Real account4) Nominal account5) Nominal account6) Nominal account7) Personal account

1) Nominal account2) Nominal account3) Real account4) Nominal account5) Nominal account6) Nominal account7) Personal account8) Nominal account

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