Question

Classify the following accounts into assets liabilities capital revenue gain and expenses losses

Answer 1

Answer:

Cash a/c – Asset – Real A/c Purchase a/c – Asset – Real A/c Computer a/c – liability – personal a/c Building a/c – Asset – Real a/c Salary a/c – Expenses – Nominal A/c Interestion investment a/c – Income – nominal a/c Sales -a/c Assets – Real a/c Liability-personal a/c Liability- personal a/c Asset-real A/c Assets – personal a/c