Monday 13 February 2012

Classify the below accounts...

Classify the following accounts into (a) personal accounts, (b) real accounts, and (c)nominal accounts:

  1. Furniture Account
  2. Salaries Account
  3. Outstanding Wages Account
  4. National Trading Co. Ltd.'s Account
  5. Stationery Account
  6. Prepaid Insurance Account
  7. Capital Account
  8. Interest Account
  9. Buildings Account
  10. Purchases Account
  11. Cash Account
  12. Bank Account
  13. Sales Account
  14. Commission Received in Advance Account
  15. Discount Account
  16. Drawings Account
  17. Loan Account
  18. Mysore Store's Account
  19. Repairs to Machinery Account
  20. Stock Account
  21. Investments Account
  22. Loose Tools Account
  23. Bangalore Sports Club's Account
  24. Loss of Goods by Fire Account
  25. Motor Vans Account
  26. Rent Account
  27. Carriage Account
  28. Charity Account
  29. Postage Account
  30. Sales Returns Account
  31. Purchases Returns Account
  32. Goodwill Account
  33. Depreciation Account
  34. Bad Debts Account
  35. National College's Account
  36. Bangalore Corporation Account
  37. Bad Debts Recovered Account
  38. International Traders Account
  39. Bank Overdraft Account


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5 comments:

  1. SRS21 March 2012 at 02:28

    Do you have a key / answers to this list?

    ReplyDelete
  2. Admin21 March 2012 at 12:45

    Hi SRS,

    I will provide you the answers by this weekend.

    ReplyDelete
  3. Admin22 March 2012 at 06:01

    1.Real Account
    2.Nominal Account
    3.(Representative) Personal Account
    4.Personal Account
    5.Nominal Account
    6.(Representative) Personal Account
    7.Personal Account
    8.Nominal Account
    9.Real Account
    10.Real Account( It can also be regarded as a nominal account)
    11.Real Account
    12.Personal Account
    13.Real Account( It can also be regarded as a nominal account)
    14.(Representative) Personal Account
    15.Nominal Account
    16..Personal Account
    17.Personal Account
    18.Personal Account
    19.Nominal Account
    20.Real Account
    21.Real Account
    22.Real Account
    23.Personal Account
    24.Nominal Account
    25.Real Account
    26.Nominal Account
    27.Nominal Account
    28.Nominal Account
    29.Nominal Account
    30.Real Account(It can also be regarded as nominal account)
    31.Real Account(It can also be regarded as nominal account)
    32.Real Account
    33.Nominal Account
    34.Nominal Account
    35.Personal Account
    36.Personal Account
    37.Nominal Account
    38.Personal Account
    39.Personal Account

    ReplyDelete
  4. Admin22 March 2012 at 06:07

    Hi SRS, hope the above answers are useful to you.

    ReplyDelete
  5. SRS22 March 2012 at 22:31

    Thanks!!

    ReplyDelete

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