1.

Classify the following Accounts into Assets, Liabilities, Capital, Revenue/Gains & Expenses/Losses:

Answer»

Cash a/c – Asset – Real A/c 

Purchase a/c – Asset – Real A/c 

Computer a/c – liability – personal a/c 

Building a/c – Asset – Real a/c

Salary a/c – Expenses – Nominal A/c

Interestion investment a/c – Income – nominal a/c

Sales -a/c Assets – Real a/c

Liability-personal a/c

Liability- personal a/c

Asset-real A/c

Assets – personal a/c


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