1. Following accounts are being maintained in the books of Shri Ashok. Classify them into Personal, Real and Nominal Accounts:
| (i) | Land and Building | (viii) | Salary | (xv) | Interest Received |
|---|---|---|---|---|---|
| (ii) | Excise Duty | (ix) | Debtors | (xvi) | Bank Overdraft |
| (iii) | Creditors | (x) | Bad Debts | (xvii) | Purchase Returns |
| (iv) | Capital | (xi) | Depreciation | (xviii) | Drawings |
| (v) | Motor Vehicles | (xii) | Wages | (xix) | Freight |
| (vi) | Goodwill | (xiii) | Repairs | (xx) | Return Inwards. |
| (vii) | Investments | (xiv) | Ramesh, a debtor |
T.S.Grewal/2024 Edition/Practical Problems/Q-01
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.