Accounting ProcessQuestion 4675 of 84
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Classify the following accounts into Personal, Real and Nominal: (a) Cash Account (b) Wages Account (c) Building Account (d) Calcutta Tramway Co. Account (e) East Bengal Club Account (f) Rent Account (g) Capital Account (h) Drawings Account (i) Interest Account (j) Trade Mark Account (k) Dividend Account (l) Land Account (m) Goodwill Account (n) Patent Account (o) Bad Debts Account (P) Bank Account (q) Discount Allowed Account (r) Interest Received Account (s) Discount Received Account (t) Salary Payable (u) Bills Receivable

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Detailed Solution & Explanation

Personal Accounts - d, e, g, h, p, t, u Real Accounts - a, c, j, 1, m, n Nominal Accounts - b, f, i, k, o, q, r, s

About This Chapter: Accounting Process

Paper

Paper 1: Accounting

Weightage

25-30%

Key Topics

Journal, Ledger, Trial Balance, Cash Book, Rectification

This chapter covers Journal, Ledger, Trial Balance, Cash Book, Rectification and is part of Paper 1: Accounting in the CA Foundation exam.

View Official ICAI Syllabus

Exam Strategy Tip

This topic carries 25-30% weightage. Focus on understanding core concepts rather than memorizing.

Key Concepts to Understand

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