Classify the following into Personal, real and Hominal Accounts. (8) 1

1.	Classify the following into Personal, real and Hominal Accounts. (8) 1. Cash 2. Drawings 3. Plant and Machinery 4. Goodwill 5. Bank over draft 6. Bank 7. Accrued interest 8. Interest paid.
Answer» Answer: EXPLANATION: CASH A/C = REAL A/C DRAWING A/C = PERSONAL A/C P&M = REAL A/C GOOD WILL = REAL A/C BANK A/C = REAL ACCRUED INTREST = PERSONAL A/C INTREST PAID = NOMINAL(EXPENCE)

Classify the following into Personal, real and Hominal Accounts. (8) 1. Cash 2. Drawings 3. Plant and Machinery 4. Goodwill 5. Bank over draft 6. Bank 7. Accrued interest 8. Interest paid.

Answer»

Answer:

EXPLANATION:

CASH A/C = REAL A/C

DRAWING A/C = PERSONAL A/C

P&M = REAL A/C

GOOD WILL = REAL A/C

BANK A/C = REAL

ACCRUED INTREST = PERSONAL A/C

INTREST PAID = NOMINAL(EXPENCE)

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Classify the following into Personal, real and Hominal Accounts. (8) 1. Cash 2. Drawings 3. Plant and Machinery 4. Goodwill 5. Bank over draft 6. Bank 7. Accrued interest 8. Interest paid.​

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Classify the following into Personal, real and Hominal Accounts. (8) 1. Cash 2. Drawings 3. Plant and Machinery 4. Goodwill 5. Bank over draft 6. Bank 7. Accrued interest 8. Interest paid.