Question No 02 Chapter No 5
2. Under what heading would you classify the following account into Real A/c, Personal A/c and Nominal A/c
| (i) | Building Account | (viii) | Horses and carts account |
| (ii) | Bill Receivable Account | (ix) | Discount allowed Account |
| (iii) | Outstanding salary Account | (x) | Prepaid tax Account |
| (iv) | Sales return Account | (xi) | Depreciation Account |
| (v) | Loan from Bank Account | (xii) | Bad Debts Account |
| (vi) | Bank Overdraft Account | (xiii) | Closing Stock Account |
| (vii) | Interest on capital Account | (xiv) | Rent Payable Account |
The solution of Question No 02 Chapter No 5: –
| Real Account | Personal Account |
Nominal Account |
| (i) Building Account | (iii) Outstanding Salary A/c | (iv) Sale return A/c |
| (ii) Machinery Account | (v) Loan from bank A/c | (vii) Interest on capital A/c |
| (viii) Horses And Carts Account | (vi) Bank overdraft A/c | (ix) Discount allowed A/c |
| (xiii) Closing Stock A/c | (x) Prepaid tax A/c | (xi) Deprecation A/c |
| (xiv) Rent payable A/c | (xii) Bad Debts A/c | |
How to make Journal Entries in Accounting – Explanation
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Usha Publication – Elements of Book-Keeping PSEB (Class 11) – Solution
Chapter No. 2 – Theory Base of Accounting
Chapter No. 3 – Origin of Transactions
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Chapter No. 4 – Vouchers and transactions
Chapter No. 6 – Accounting for Goods and Services Tax(GST)
Chapter No. 9 – Other Subsidiary Books
Chapter No. 10 – Journal Proper
Chapter No. 11 – Trial Balance
Chapter No. 12 – Bank Reconciliation Statement
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Chapter No. 14 – Provisions and Reserves
Chapter No. 15 – Bills of Exchange
Chapter No. 16 – Rectification of Errors
Chapter No. 17 – Financial Statements – (Without Adjustments)
Chapter No. 18 – Financial Statements – (With Adjustments)