CLASSIFICIATION OF ACCOUNTS

1. Classify the following accounts as Personal, Real and Nominal.

a. Furniture a/c g. Managing Director’s

b. Karnataka Traders a/c Remuneration
c. Rao & Bros A/c h. Rent Received A/c
d. Interest A/c i. Drawings A/c
e. Advertisement a/c j. Collie and Cartage a/c
f. Bank Loan

2. Classify the following accounts as Personal, Real and Nominal

a. Printing and Stationery a/c f. R.V College A/c

b. Bank Loan A/c g. Mr. Ajith’s A/c
c. Investments A/c h. Buildings A/c
d. Royalty A/c i. Medical Expenses A/c
e. Tenants A/c j. Repairs and Maintenance A/c

3. Classify the following accounts as Personal, Real and Nominal

a. Telephone Expenses A/c f. Bombay Traders A/c

b. Customer’s A/c g. Conveyance A/c
c. Stock of Goods A/c h. Freight A/c
d. Rent paid A/c i. Pre – paid Insurance A/c
e. Machinery A/c j. Entertainment expenses A/c

4. Classify the following accounts as Personal, Real and Nominal

a. State Bank of India A/c f. Dividend Received A/c

b. Outstanding Salaries, A/c g. Loss on sale of Investments
c. Patent right A/c h. Profit on sale of Investments
d. ABC Co. Ltd i. Livestock A/c
e. Capital A/c j. Heating & Lighting A/c

5. Classify the following accounts as Personal, Real and Nominal

a. Staff welfare A/c g. Apollo Hospital A/c

b. Interest Payable A/c h. Bad Debts A/c
c. Accrued Interest A/c i. Depreciation A/c
d. Commission Received in Advance j. Copy right A/c
e. Supplier’s A/c k. Goodwill A/c
f. Cash A/c l. Wages A/c

6. Classify the following accounts under the head personal, Real and Nominal Accounts:

a. Shriya’s Account b. Ajraj Automoation Ltd

 c. Karnataka Sports Club Account i. Wages Account
d. Capital Account j. Travelling Expenses Account
e. Purchases Account k. Drawing Account
f. Commission Account l. Investment Account
g. Motor Car Account
h. Cash Account

7. Classify the following accounts as Personal, Real and Nominal

a. Sales Account g. Rent Account

b. Building Amount h. Tools Account
c. Salary Account i. Bharath Traders Account
d. Furniture Account j. Depreciation Account
e. Karnataka Bank Account k. Bad Debts Account
f. Reliance Co. Ltd l. Outstanding Salary Account

8. Classify the following accounts as Personal, Real and Nominal

a. Prepaid Insurance Account g. Carriage Inwards Account

b. Goodwill Account h. Outstanding wages Account
c. Postage Account i. Omega Company Account
d. Bank Overdraft Account j. Computers Account
e. Royalty Account k. Charity Account
f. Brigade School Account l. Patents Account.