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

2.0 gram of a metal burst in oxygen give 3.2 gram of its oxide. 1.42 gram of the same metal heat in steam give 2.27 gram of its oxide which toys shown by this data?

Brain (Study - Encephology) || Brain Encephology || BRAIN IS DIVIDED INTO THREE PARTS WITH THE SUB DIVISIONS||

Should Wizard Hit Mommy? Summary Class 12th English || Theme || Characters || Gist of the story Vistas class 12 English