Question 2 Chapter 4 – Unimax Publications of Class 11

Q2- CH-4 Solution

Question 2 Chapter 4 – Unimax

Free Accounting book Solution - Class 11 and Class 12

2. Classify the following accounts into Real A/c , Personal A/c , Nominal A/c

(i) Furniture Account (ii) Sunil ( a supplier )
(iii)Rahul (a customer) (iv) Outstanding Salaries Account
(v) Sales Return Account (vi) Bank Overdraft Account
(vii) Interest on Capital Account (viii) Interest on Drawings Account
(ix) Discount Received Account (x) Discount Allowed Account
(xi) Expense paid in advance (xii) Depreciation Account
(xiii) Bad Debts Account (xiv) Closing Stock Account
(xv) Commission earned but not Received Account (xvi) Commission received in advance account

The solution of Question 2 Chapter 4 – Unimax:

(i) Furniture Account = Real Account
(ii) Sunil ( a supplier ) = Personal Account
(iii)Rahul (a customer) = Personal Account
(iv) Outstanding Salaries Account = Representative Personal Account
(v) Sales Return Account = Real Account
(vi) Bank Overdraft Account = Real Account
(vii) Interest on Capital Account = Nominal Account
(viii) Interest on Drawings Account = Nominal Account
(ix) Discount Received Account = Nominal Account
(x) Discount Allowed Account = Nominal Account
(xi) Expense paid in advance = Representative Personal Account
(xii) Depreciation Account = Nominal Account
(xiii) Bad Debts Account = Nominal Account
(xiv) Closing Stock Account = Real Account
(xv) Commission earned but not Received Account = Representative Personal Account
(xvi) Commission received in advance account. = Representative Personal Account

This is all about the Question 2 Chapter 4 – Unimax. You can check out the following article to better understand:

Opening Journal Entry – its Rules and Examples 

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Opening Journal Entry – its Rules and Examples – In Hindi

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You can also Check out the solved question of other Chapters: –

Advanced Accountancy – Unimax Class 11 – 2021 – Solution.

Part-I

  • Chapter No. 1 – Introduction of Accounting
  • Chapter No. 2 – Theory Base of Accounting
  • Chapter No. 3 – Vouchers and Transactions
  • Chapter No. 4 – Journal
  • Chapter No. 5 – Goods and Services Tax (GST) : An Introduction
  • Chapter No. 6 – Ledger
  • Chapter No. 7 – Special Purpose Book – Cash Book
  • Chapter No. 8 – Other Subsidiary Books
  • Chapter No. 9 – Trial Balance
  • Chapter No. 10 – Rectification of Errors
  • Chapter No. 11 – Depreciation
  • Chapter No. 12 – Provision and Reserves
  • Chapter No. 13 – Bank Reconlciliation Statement
  • Chapter No. 14 – Bills of Exchange

Students may Choose only one part from the Part II and Part III

Part-II

  • Chapter No. 15 – Financial Statements (Without Adjustments)
  • Chapter No. 16 – Financial Statements (With Adjustments)
  • Chapter No. 17 – Accounts from Incomplete Records – Single Entry System

Part-III

  • Chapter No. 18 – Introduction to Compurters and Accounting information System
  • Chapter No. 19 – Computerised Accounting
  • Chapter No. 20 – Accounting Software : Tally
  • Chapter No. 21 – Data Base System
  • Chapter No. 22 – Concept of Entity and Relationship

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