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| 1. |
Classify the following accounts under personal, real or nominal accounts : {:((i),"Commission Paid",,(ii),"Commission Received"),((iii),"Commission Accrued",,(iv),"Prepaid Salaries"),((v),"Leasehold Property A/c",,(vi),"Discount Allowed"),((vii),"Carriage Inwards A/c",,(viii),"Life Insurance Corporation of India"),((ix),"Drawings A/c",,(x),"Rent Received in Advance"),((x i),"Debtors",,(x ii),"Sales A/c"),((x iii),"Rent Paid in Advance",,(x iv),"Bank Overdraft"):} |
| Answer» SOLUTION :`{:("Personal Accounts",:,(iii)","(iv)","(vii)","(ix)","(X)","(x i)","(x II)","(x iv)),("REAL Accounts",:,(v)),("Nominal Accounts",:,(i)","(ii)","(vi)","(vii)","(x ii)):}` | |