# Quiz 41 – Classification of Accounts (Real, Personal & Nominal) – (Answers)

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• Name – Quiz 41 – Classification of Accounts (Real, Personal & Nominal) – (Answers)
• Topic – Classification of Accounts (Real, Personal & Nominal)

##### Q1. Classify the Cash A/c into Real, Personal or Nominal Account.

Ans. Cash A/c is a Real Account.

##### Q2. Classify the Drawings A/c into Real, Personal or Nominal Account.

Ans. Drawings A/c is a Personal Account.

##### Q3. Classify the Capital A/c into Real, Personal or Nominal Account.

Ans. Capital A/c is a Personal Account.

##### Q4. Classify the Bank A/c into Real, Personal or Nominal Account.

Ans. Bank A/c is a Personal Account.

##### Q5. Classify the Interest (Paid) A/c into Real, Personal or Nominal Account.

Ans. Interest (Paid) A/c is a Nominal Account.

##### Q6. Classify the Outstanding Salaries A/c into Real, Personal or Nominal Account.

Ans. Outstanding Salaries A/c is a Personal Account.

##### Q7. Classify the Sales A/c into Real, Personal or Nominal Account.

Ans. Sales A/c is a Nominal Account.

##### Q8. Classify the Purchases A/c into Real, Personal or Nominal Account.

Ans. Purchases A/c is a Nominal Account.

##### Q9. Classify the Prepaid Rent A/c into Real, Personal or Nominal Account.

Ans. Prepaid Rent A/c is a Personal Account.

##### Q10. Classify the Goodwill A/c into Real, Personal or Nominal Account.

Ans. Goodwill A/c is a Real Account.

##### Q11. Classify the Plant and Machinery A/c into Real, Personal or Nominal Account.

Ans. Plant and Machinery A/c is a Real Account.

##### Q12. Classify the Rent A/c into Real, Personal or Nominal Account.

Ans. Rent A/c is a Nominal Account.

##### Q13. Classify the Commission A/c into Real, Personal or Nominal Account.

Ans. Commission A/c is a Nominal Account.

##### Q14. Classify the Bank Overdraft A/c into Real, Personal or Nominal Account.

Ans. Bank Overdraft A/c is a Personal Account.

##### Q15. Classify the Rent Received A/c into Real, Personal or Nominal Account.

Ans. Rent Received A/c is a Nominal Account.

##### Q16. Classify the Discount Allowed A/c into Real, Personal or Nominal Account.

Ans. Discount Allowed A/c is a Nominal Account.

##### Q17. Classify the Leasehold Property A/c into Real, Personal or Nominal Account.

Ans. Leasehold A/c is a Real Account.

##### Q18. Classify the Building A/c into Real, Personal or Nominal Account.

Ans. Building A/c is a Real Account.

##### Q19. Classify the Interest Received A/c into Real, Personal or Nominal Account.

Ans. Interest Received A/c is a Nominal Account.

##### Q20. Classify the Bad Debts Recovered A/c into Real, Personal or Nominal Account.

Ans. Bad Debts Recovered A/c is a Nominal Account.

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