classify the following into personal , real and nominal A/c : bad debts , capital,outstanding salary ,bank, goodwill , prepaid insurance
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bad debts is a nominal ac because it's a loss
capital is a personal ac it's just like a matter of credit not for business but for the person who is introducing capital in his business
outstanding salary is a personal ac
bank is a personal ac
Goodwill it's an intangible assets may be in real ac
prepaid insurance means advance payment of something but survice or goods are not yet received so this will be personal again like outstanding a matter of credit
Explanation:
may this help you
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