1.

Following accounts are being maintained in the books of Shri Ashok . Classify them into Personal , Real and Nominal Accounts : (i) Land and Building (ii) Excise Duty (iii) Creditors (iv)Capital (v) Motor Vehicles (vi) Goodwill (vii) Investments (viii) Salary (ix) Debtors (x)Bad Debts (xi) Depreciation (xii) Wages (xiii) Repairs (xiv) Ramesh , a debtor (xv) Interest Received (xvi)Bank Overdraft (xvii) Purchase Returns (xviii) Drawings (xix) Freight (xx) Return Inwards .

Answer»


ANSWER :Personal Account - (iii) ; (iv); (IX) ; (xiv) ; (XVI) ; (XVIII) , Real Account - (i) ; (V) ; (vi); (vii) , Nominal Account - (ii) ;(viii); (x) ; (xi) ; (xii) ; (xiii) ; (xv) ;(xvii) ; (xix) ; (xx)


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