English

Classify the following account under the types of Personal, Real and Nominal account: Raj and company A/c - Book Keeping and Accountancy

Advertisements
Advertisements

Question

Classify the following account under the types of Personal, Real and Nominal account:

Raj & company A/c

Options

  • Personal Account

  • Real Account

  • Nominal Account

MCQ
One Word/Term Answer

Solution

Raj & company A/c - Personal Account

shaalaa.com
Classification of Accounts
  Is there an error in this question or solution?
Chapter 2: Meaning and Fundamentals of Double Entry Book-Keeping - EXERCISE [Page 41]

APPEARS IN

Balbharati Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
EXERCISE | Q 6. 38) | Page 41

RELATED QUESTIONS

Answer in one sentence only:

What is Personal Account?


Write one word/term or phrase which can substitute the following statement.

Name of the account which is debited when proprietor uses business money for personal use.


Write one word/term or phrase which can substitute the following statement.

Accounts of Expenses and Losses and Incomes and Gains.


Select the most appropriate alternatives from the given below and rewrite the statement:

Machinery Account is ______ account.


State whether the following statement is True or False with reasons:

Goodwill account is a real account.


State whether the following statement is True or False with reasons:

Discount account is a nominal account.


State whether the following statement is True or False with reasons:

Motor car account is a Real Account.


Fill in the blank:

Debit what comes in and credit what goes out is the rule of ______ account.


Fill in the blank:

Travelling expenses account is ______ type of Account


Fill in the blank:

Laptop account is a ______ account.


Classify the following accounts under the types of Personal, Real, and Nominal accounts:

Drawing 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:

Outstanding Income 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:

Live Stock 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:

Loan A/c


Classify the following account under the types of Personal, Real and Nominal account:

Computer 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:

Income tax 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:

Discount A/c


Classify the following account under the types of Personal, Real and Nominal account:

Repairs A/c


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×