Advertisements
Advertisements
Question
Classify the following account under the types of Personal, Real and Nominal account:
Live Stock A/c
Options
Personal Account
Real Account
Nominal Account
Solution
Live Stock A/c - Real Account
APPEARS IN
RELATED QUESTIONS
Answer in one sentence only:
What is Personal Account?
Write one word/term or phrase which can substitute the following statement.
The Assets which cannot be seen, touched or felt.
Select the most appropriate alternatives from the given below and rewrite the statement:
Prepaid expenses is ______ account.
State whether the following statement is True or False with reasons:
Outstanding expense is a nominal account.
State whether the following statement is True or False with reasons:
Loan account is personal account.
State whether the following statement is True or False with reasons:
Bank loan account is a Nominal account.
Fill in the blank:
Travelling expenses account is ______ type of Account
Classify the following accounts under the types of Personal, Real and Nominal account:
Mr. Rohit’s capital A/c
Classify the following accounts under the types of Personal, Real and Nominal account:
Patent A/c
Classify the following accounts under the types of Personal, Real and Nominal account:
Prepaid Expenses A/c
Classify the following accounts under the types of Personal, Real and Nominal account:
Commission Received A/c
Classify the following account under the types of Personal, Real and Nominal account:
Freight A/c
Classify the following account under the types of Personal, Real, and Nominal account:
Sundry Income A/c
Classify the following account under the types of Personal, Real and Nominal account:
Goods distributed as free sample A/c
Classify the following account under the types of Personal, Real and Nominal account:
Radhika’s A/c
Classify the following account under the types of Personal, Real and Nominal account:
Outstanding Wages A/c
Classify the following account under the types of Personal, Real and Nominal account:
Loss on Sale of Furniture A/c
Classify the following account under the types of Personal, Real and Nominal account:
Legal Expenses A/c
Classify the following account under the types of Personal, Real and Nominal account:
Income Receivable A/c
Classify the following account under the types of Personal, Real and Nominal account:
Audit Fees A/c
Classify the following account under the types of Personal, Real and Nominal account:
Loss by fire A/c
Classify the following account under the types of Personal, Real and Nominal account:
Office Equipment A/c
Classify the following account under the types of Personal, Real and Nominal account:
The stock of Stationery A/c
Classify the following account under the types of Personal, Real and Nominal account:
Income Received in Advance A/c
Classify the following account under the types of Personal, Real and Nominal account:
Dividend on Investment Advance A/c
Classify the following account under the types of Personal, Real and Nominal account:
Raj & company A/c
