Advertisements
Advertisements
Question
Classify the following accounts under the types of Personal, Real, and Nominal accounts:
Drawing A/c
Options
Personal Account
Real Account
Nominal Account
Solution
Drawing A/c - Personal Account
APPEARS IN
RELATED QUESTIONS
Answer in one sentence only.
What is an Account?
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.
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:
Capital account is a real account.
State whether the following statement is True or False with reasons:
Discount received 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:
______ accounts are accounts of properties and assets.
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 accounts:
Cartage A/c
Classify the following accounts under the types of Personal, Real, and Nominal accounts:
Prepaid Rent 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 accounts under the types of Personal, Real and Nominal account:
Prepaid Expenses 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:
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:
Loss by fire A/c
Classify the following account under the types of Personal, Real and Nominal account:
Siddhivinayak Trust A/c
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:
Dividend on Investment Advance A/c
Classify the following account under the types of Personal, Real and Nominal account:
Discount A/c