Question

classify the following accounts in to personal, real and nominal account under the English typing​

Answer 1

Answer:

(a), (f), (i), (g) are personal accounts

(b), (e), (h) are real accounts

(c), (d), (j) are nominal accounts

Explanation:

a) Capital A/C is personal account

b) Cash A/C is real account

c) Bank Charges A/C is nominal account

d) Salaries A/C is nominal account

e) Building A/C is real account

f) Canera Bank A/C is personal account

g) Prepaid insurance A/C is nominal account

h) Goodwill A/C is real account

I) Drawings A/C is personal account

j) purchase A/C is nominal account