Question

classify the following accounts into personal Account,Real account and nominal account.
1. Wages account
2. Salaries account
3. Creditors account
4. Debtors account
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Answer 1

Answer:

1. Nominal account

2. nominal account

3. personal account

4. personal accouny

Answer 2

Answer:

Tip:-

• Classification of accounts:-
• Personal Account :- When the any account with an particular name that is called Personal Account.
• Real Account :- Real Account includes fixed assets.
• Nominal Account :- Any account related to Expenses and Income, Gain and loss is categorize as Nominal Account.

Explanation:

Wages Account - Nominal account.

Salaries Account - Nominal account.

Creditors Account - Personal Account.

Debtors Account - Personal Account.