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✦ FREE LEARNING — CLASS 11 & 12 — CBSE · PSEB — ACCOUNTS · ECONOMICS · BST ✦
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Following accounts are being maintained in the books of Shri Ashok. Classify them into Personal, Real and Nominal Accounts:
(i) Land and Building (ii) Excise Duty (iii) Creditors (iv) Capital (v) Motor Vehicles (vi) Goodwill (vii) Investments (viii) Salary (ix) Debtors (x) Bad Debts (xi) Depreciation (xii) Wages (xiii) Repairs (xiv) Ramesh, a debtor (xv) Interest Received (xvi) Bank Overdraft (xvii) Purchase Returns (xviii) Drawings (xix) Freight (xx) Return Inwards
Answer:
| Item | Nature of Account |
|---|---|
| Land & Building | Real A/c |
| Excise Duty | Nominal A/c |
| Creditors | Personal A/c |
| Capital | Personal A/c |
| Motor Vehicles | Real A/c |
| Goodwill | Real A/c |
| Investments | Real A/c |
| Salary | Nominal A/c |
| Debtors | Personal A/c |
| Bad Debts | Nominal A/c |
| Depreciation | Nominal A/c |
| Wages | Nominal A/c |
| Repairs | Nominal A/c |
| Ramesh, a debtor | Personal A/c |
| Interest Received | Nominal A/c |
| Bank Overdraft | Personal A/c |
| Purchase Returns | Nominal A/c |
| Drawings | Personal A/c |
| Freight | Nominal A/c |
| Return Inwards | Nominal A/c |
Accounting & Commerce Educator
Sarbjit Singh holds a B.Com and M.Com degree and has over 12 years of teaching experience in double entry bookkeeping, financial accounting, and business studies.
This guide covers "T.S. Grewal Class 11 Chapter 6 Q.1 - Classification of Accounts into Personal, Real and Nominal", focusing on key definitions, step-by-step concepts, applications, and revision guidelines relevant to Chapter 6 - Accounting Procedures - Rules of Debit and Credit.
It is primarily curated for Class 11 and Class 12 high school commerce, accounting, and economics students, as well as aspirants preparing for board exams or CA Foundation.
You can take our custom-built interactive practice quiz directly on this page to test your understanding of "T.S. Grewal Class 11 Chapter 6 Q.1 - Classification of Accounts into Personal, Real and Nominal" instantly.