Question

classify the following into personal , real and nominal A/c : bad debts , capital,outstanding salary ,bank, goodwill , prepaid insurance ​

Answer 1

Answer:

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