Question

Q. 5 Classify the following items in Personal, Real and Nominal
account.
(4)
a) Machinery
b) Bank
c) Salary
d) Cash
e) Interest
f) Outstanding Rent
g) Capital h) Building​

Answer 1

Answer:

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Answer 2

Answer:

personal account-person ,name-- debit the receiver and credit the giver.

real account-assets-- debit what comes in and credit what goes out.

nominal account-expression / income in debit all the losses and in credit all gains.