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Classify the following accounts intoa. Personal accounts b. real accounts c. nominal accounts and give reason.1. Building account 2. Salaries account 3. Bad debts account 4. Drawings account 5. Depreciation account. |
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Answer» 1. Real account as it is a fixed asset. 2. Nominal account as it is an expense. 3. Nominal account as it is a loss. 4. Personal account as it is withdrawl for own use. 5. Nominal account as it is an expense. |
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