Classification of Accounts Test

DEPRECIATION A/c

• PERSONAL

• REAL

• NOMINAL

Capital A/c

• Personal

• Real

• Nominal

Prepaid Expenses A/c

• Personal

• Real

• Nominal

• None

Machinery A/c

• Personal

• Real

• Nominal

Salary A/c

• Personal

• Real

• Nominal

Sales A/c

• Personal

• Real

• Nominal

Live Stock A/c

• Personal

• Real

• Nominal

Goodwill A/c

• Personal

• Real

• Nominal

Bad Debts A/c

• Personal

• Real

• Nominal

Carriage Inward A/c

• Personal A/c

• Real A/c

• Nominal A/c