[ISC] Q 1 Journal Solutions TS Grewal Class 11 (2023-24)

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Are you looking for the solution of Question number 1 Journal TS Grewal class 11 ISC 2023-24?

Classify the following into Personal, Real and Nominal Accounts:

(i) Land(ii) Investments(iii) Building
(iv) Interest Received(v) Salary(vi) Loan
(vii) Bank Overdraft(viii) Debtors(ix) Creditors
(x) Purcahses Return(xi) Bad Debts(xii) Capital
(xiii) Drawings(xiv) Depreciation(xv) Motor Vehicles
(xvi) Freight(xvii) Wages(xviii) Goodwill
(xix) Returns Inward(xx) Repairs

Solution:-

AccountType
1) LandReal
2) InvestmentsReal
3) BuildingReal
4) Interest ReceivedPersonal
5) SalaryNominal Account
6) LoanPersonal Account
7) Bank OverdraftPersonal Account
8) DebtorsPersonal Account
9) CreditorsPersonal Account
10) Purchases ReturnNominal Account
11) Bad DebtsNominal Account
12) CapitalPersonal Account
13) DrawingsPersonal Account
14) DepreciationNominal Account
15) Motor VehiclesReal Account
16) FreightNominal Account
17) WagesNominal Account
18) GoodwillReal Account
19) Returns InwardNominal Account
20) RepairsNominal Account
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