Accounting Procedures Rules of Debit & Credit || Chapter 3 ||

Ques: Following accounts are being maintained in the books of Shri Ashok. Classify them into Personal, Real and Nominal Accounts:

(i) Land and Building

(ii) Creditors

(iii) Excise Duty

(iv) Capital

(v) Goodwill

(vi) Motor Vehicles

(vii) Investments

(viii) Salary

(ix) Bad Debts

(x) Debtors

(xi) Depreciation

(xii) Wages

(xiii) Ramesh, a debtor

(xiv) Repairs

(xv) Bank Overdraft

(xvi) Interest Received

(xvii) Purchase Returns

(xviii) Drawings

(xix) Return Inwards

(xx) Freight. 

The account classification is made as follows:


Comments

Popular posts from this blog

Test and Measurement in Sports Case Study Based Questions Chapter 6 Class 12 Physical education

Diagonal Relationship between Beryllium and Aluminium || Relation between Beryllium and Aluminium

IPL 2023 Season Summary || Moments of IPL 2023

Classification of elements and periodicity of elements

Carbohydrates || Lipids|| Proteins || Vitamins & Minerals || Fats and Oils