Note – Please take our quiz ‘Quiz 41 – Classification of Accounts (Real, Personal & Nominal) – (Answers)‘ on this page before going through the below answers. Only the top 3% of our audience scored 10/10 in all of them.
- Name – Quiz 41 – Classification of Accounts (Real, Personal & Nominal) – (Answers)
- Topic – Classification of Accounts (Real, Personal & Nominal)
- Answers with Explanation
Q1. Classify the Cash A/c into Real, Personal or Nominal Account.
Ans. Cash A/c is a Real Account.
Q2. Classify the Drawings A/c into Real, Personal or Nominal Account.
Ans. Drawings A/c is a Personal Account.
Q3. Classify the Capital A/c into Real, Personal or Nominal Account.
Ans. Capital A/c is a Personal Account.
Q4. Classify the Bank A/c into Real, Personal or Nominal Account.
Ans. Bank A/c is a Personal Account.
Q5. Classify the Interest (Paid) A/c into Real, Personal or Nominal Account.
Ans. Interest (Paid) A/c is a Nominal Account.
Q6. Classify the Outstanding Salaries A/c into Real, Personal or Nominal Account.
Ans. Outstanding Salaries A/c is a Personal Account.
Q7. Classify the Sales A/c into Real, Personal or Nominal Account.
Ans. Sales A/c is a Nominal Account.
Q8. Classify the Purchases A/c into Real, Personal or Nominal Account.
Ans. Purchases A/c is a Nominal Account.
Q9. Classify the Prepaid Rent A/c into Real, Personal or Nominal Account.
Ans. Prepaid Rent A/c is a Personal Account.
Q10. Classify the Goodwill A/c into Real, Personal or Nominal Account.
Ans. Goodwill A/c is a Real Account.
Q11. Classify the Plant and Machinery A/c into Real, Personal or Nominal Account.
Ans. Plant and Machinery A/c is a Real Account.
Q12. Classify the Rent A/c into Real, Personal or Nominal Account.
Ans. Rent A/c is a Nominal Account.
Q13. Classify the Commission A/c into Real, Personal or Nominal Account.
Ans. Commission A/c is a Nominal Account.
Q14. Classify the Bank Overdraft A/c into Real, Personal or Nominal Account.
Ans. Bank Overdraft A/c is a Personal Account.
Q15. Classify the Rent Received A/c into Real, Personal or Nominal Account.
Ans. Rent Received A/c is a Nominal Account.
Q16. Classify the Discount Allowed A/c into Real, Personal or Nominal Account.
Ans. Discount Allowed A/c is a Nominal Account.
Q17. Classify the Leasehold Property A/c into Real, Personal or Nominal Account.
Ans. Leasehold A/c is a Real Account.
Q18. Classify the Building A/c into Real, Personal or Nominal Account.
Ans. Building A/c is a Real Account.
Q19. Classify the Interest Received A/c into Real, Personal or Nominal Account.
Ans. Interest Received A/c is a Nominal Account.
Q20. Classify the Bad Debts Recovered A/c into Real, Personal or Nominal Account.
Ans. Bad Debts Recovered A/c is a Nominal Account.