Question

Following accounts are being maintained in the books of Ameer. State the nature of account: (i) Building A/c (ii) Creditors A/c (iii) Purchases A/c (iv) Cash A/c (v) Rent Received A/c (vi) Prepaid salary A/c (vii) Depreciation A/c (viii) Goodwill A/c

Answer 1

Answer:

Explanation:

i)Real Account

ii)Personal Account

iii)Nominal Account

iv)Real Account

v)Nominal Account

vi)Personal Account

vii)Nominal Account

viii)Real Account