Question No 01 Chapter No 4 - D.K Goal Class 11

Question No 01 Chapter No 4

Q.1. Classify the following accounts under personal, real, or nominal accounts:

(i)	Commission Paid	(ii)	Commission Received
(iii)	Commission Accrued	(iv)	Prepaid Salaries
(v)	Leasehold Property A/c	(vi)	Discount Allowed
(vii)	Carriage Inwards A/c	(viii)	Life Insurance Corporation of India
(ix)	Drawings A/c	(x)	Rent Received in Advance
(xi)	Debtors	(xii)	Sales A/c
(xiii)	Rent Paid in Advance	(xiv)	Bank Overdraft

The solution of Question No 01 Chapter No 4: –

Personal Accounts	Real Accounts	Nominal Accounts
(iii) Commission Accrued	(v) Leasehold Property	(i) Commission Paid

(iv) Prepaid Salaries		(ii) Commission Received

(viii) Life Insurance Corporation of India		(vi) Discount Allowed

(ix) Drawings Account		(vii) Carriage Inwards Account

(x) Rent Received in Advance		(xii) Sales Account

(xi) Debtors

(xiii) Rent Paid in Advance

(xiv) Bank Overdraft

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Also, Check out the solved question of all Chapters: –

Chapter 1 Evolution of Accounting & Basic Accounting Terms
Chapter 2 Accounting Equations
Chapter 3 Meaning and Objectives of Accounting
Chapter 4 Double Entry System
Chapter 5 Books of Original Entry – Journal
Chapter 6 Accounting for Goods and Service Tax (GST) (Coming soon)
Chapter 7 Books of Original Entry – Cash Book (Coming soon)
Chapter 8 Books of Original Entry – Special Purpose Subsidiary Books (Coming soon)
Chapter 9 Ledger (Coming soon)
Chapter 10 Trial Balance and Errors (Coming soon)
Chapter 11 Bank Reconciliation Statement (Coming soon)
Chapter 12 Depreciation (Coming soon)
Chapter 13 Bills of Exchange (Coming soon)
Chapter 14 Generally Accepted Accounting Principles(GAAP)
Chapter 15 Bases of Accounting
Chapter 16 Accounting Standards and International Financial Reporting Standard(IFRS) (Coming soon)
Chapter 17 Capital and Revenue
Chapter 18 Provisions and Reserves
Chapter 19 Final Accounts (Coming soon)
Chapter 20 Final Accounts – With Adjustments (Coming soon)
Chapter 21 Errors and their Rectification (Coming soon)
Chapter 22 Accounts from Incomplete Records – Single Entry System (Coming soon)
Chapter 23 Accounts of Not-for-Profit Organisations (Coming soon)
Chapter 24 Computerised Accounting System (Coming soon)
Chapter 25 Introduction to Accounting Information System (Coming soon)