Question

Classify the following into personal ,real , nominal account

capital account
pune municipal
corporation a/c
tilak maharashtra vidyapeeth a/c
land and building a/c
salary and wages a/c

Answer 1

Answer:

Capital account  - Personal A/c

Pune municipal  corporation a/c - Personal A/c

Tilak maharashtra vidyapeeth a/c - Personal A/c

land and building a/c  - Real A/c

salary and wages a/c- Nominal A/c

Explanation:

1.capital accounts consists of persons therefore its classified as personal account

2. Municipal corporation is the representation of government where its representation of persons therefore its personal A/c

3. Tilak maharashtra vidyapeeth  its a college university where its artificial persons which aslo classified as personal account

4. land & building is the asset of the company every asset which can be physically feel can be classified as real account

5. salary & wages are expenses of the company as per rules expenses are classified under nominal account .

Hope its understood

Answer 2

Answer:

Personal a/c:

Capital account

Pune Municipal corporation a/c

Tilak Maharashtra vidyapeeth a/c

Real a/c

Land & building a/c

Nominal a/c

Salary and wages a/c

Explanation :

Personal a/c means something related to person, institutions, individuals, etc...

Real a/c means tangible assets which can be seen or touched.

Nominal a/c means expenses and incomes.

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