Sort each as Real Account / Personal Account / Nominal Account.

Exercise and reference answers

Left

Real / Personal

Items

1. Item

   Building A/c

   Answer

   Real / Personal

2. Item

   Ram (Customer) A/c

   Answer

   Real / Personal

3. Item

   Cash A/c

   Answer

   Real / Personal

4. Item

   Salary A/c

   Answer

   Nominal

5. Item

   Rent A/c

   Answer

   Nominal

6. Item

   Interest received A/c

   Answer

   Nominal

Right

Nominal

Instructions

Traditional Indian classification.

Explanation