Classify the following accounts under Personal, Real and Nominal Accounts. 1) Cash Alc 2) Outstanding Salary Ale 3) Rohit's Alc 4) Furniture Alc 5) Life Insurance Corp. Alc 6) Goodwill Alc 7) Prepaid Insurance Ale 8) Trademark A/C 9) Commission A/C 10) Loan A/C 11) Drawings A/c 12) Interest A/C Real Account Nominal Account Commission A/C Cash Alc Furniture Ale Interest Ale Solution : Personal Account Outstanding Salary Ale Rohit's Alc Life Insurance Corp. Ale Prepaid Insurance Ale Loan Ale Drawings Alc Goodwill A/C Trademark A/C 35 Illustration - 4 Classify the following accounts under Assets, Liabilities, Income and Expenditure. Prepaid Rent 2) Salary Alc 3) Bank Loan A/C Motor Car Alc 5) Rent Payable A/c 6) Bad Debts A/C 7) Copyright Alc 8) Interest Received A/C 9) Dividend Received A/C 10) Premises Alc 11) Insurance Premium Ac 12) Audit Fees Alc Solution Assets Liabilities Bank Loan Alc Rent Payable Alc Prepaid Rent Alc Motor Car Alc Copy Right A/C Premises Alc Income Gains Expenditure Loss Interest Received A/c Salary Ac Dividend Received A/c Bad debts Alc Insurance Premium A/C Audit Fees Alc Illustration - 5 Classify the following accounts into Assets, Liabilities, Income, Expenditure and Capital. 1) Land and Building 2) Interest Received 3) Computer 4) Sundry Creditors 5) Bills Receivables 6) Discount Allowed 7) Sundry Debtors 8) Goodwill 9) Freight 10) Discount Received 11) Bills Payable 12) Amit's Capital 13) Interest on Fixed deposit 14) Bank Overdraft 15) Live Stock 16) Printing & Stationery 17) Cash at Bank 18) Rent Received 19) Repairs & Maintenance 20) Carriage 21) Outstanding Rent 22) Commission Received 23) Bank Loan 24) Electricity Bill 25) Copyright