Question

Classify the following accounts into real, personal and nominal accounts and give
explanation in brief:
a) State Bank of India Account
b) Interest Received Account
c) Depreciation Account​

Answer 1

Answer:

a)= personal account

b)=Nominal account

c)=Real account

Answer 2

State bank of India is personal A/c

Interest received is nominal A/c

Depreciation is also nominal A/c because it is loss