Question

classify the following accounts into personal , real and nominal. 1}land and building 2} interest received 3} sundry creditors 4} bills receivable 5} discount allowed 6} sundry debtors 9}goodwill 10} discount received 11} bills payable 12} amits capital 13} interest on fixed deposit 14} bank overdraft 15} printing and stationary 16} cash at bank 17} rent received 18} repairs and maintenance 19} carriage​

Answer 1

Answer:

classify the following accounts into personal , real and nominal.

1}land and building - real account

2} interest received - nominal account

3} sundry creditors - personal account

4} bills receivable - personal account

5} discount allowed - nominal account

6} sundry debtors - personal account

9}goodwill - real account

10} discount received - nominal account

11} bills payable - personal account

12} amits capital - personal account

13} interest on fixed deposit - nominal account

14} bank overdraft - personal account

15} printing and stationary - nominal account

16} cash at bank - real account

17} rent received - nominal account

18} repairs and maintenance - nominal account

19} carriage - nominal