1.

Classify the following accounts into Personal, Real or Nominal accounts:- {:(I.,"Machinery",,VII.,"Drawings"),(II.,"Capital",,VII.,"Salary"),(III.,"Stock",,IX.,"Outstanding Salary"),(IV.,"Bad Debts",,X.,"Insurance"),(V.,"Goodwill",,XI.,"Prepaid Insurance"),(VI.,"Sales",,XII.,"Interest Received"):}

Answer»

Solution :`{:("Personal ACCOUNTS",II","VII","IX","XI"."),("Real Accounts",I","III","V),("Nominal Accounts",VI","VI","VII","X","XII"."):}`


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