Advertisements
Advertisements
Question
Classify the following accounts under the types of Personal, Real and Nominal account:
Prepaid Expenses A/c
Options
Personal Account
Real Account
Nominal Account
Solution
Prepaid Expenses A/c - Personal 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.
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 Assets and Properties.
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:
Radha's Account is a type of ______ 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:
Goodwill account is a real account.
State whether the following statement is True or False with reasons:
Discount account is a nominal account.
Fill in the blank:
Increase in capital is credited and decrease in capital is ______
Fill in the blank:
Land and Building account is ______ account.
Fill in the blank:
______ accounts are accounts of properties and assets.
Classify the following accounts under the types of Personal, Real and Nominal account:
Loose Tools 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:
Loss on Sale of Furniture A/c
Classify the following account under the types of Personal, Real and Nominal account:
Bank of Maharashtra 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:
Trademark 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:
GST A/c (Goods and Service Tax)
Classify the following account under the types of Personal, Real and Nominal account:
Indian Railways 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
