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Account Type Challenge

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Account Type Challenge

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Real, personal or nominal?

Created by

Beena Antu
Beena Antu
United Arab Emirates

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Account Type Challenge
 

Account Type ChallengeOnline version

Real, personal or nominal?

by Beena Antu
1

1) Cash in hand is an example of

2

2) Interest received during the year are

3

3) Shyam Kapoor’s capital comes under

4

4) Salary paid to employees is nature

5

5) Furniture purchased for business - effect of furniture

6

Asset=

7

7) Drawings by the proprietor are

8

8) Purchase of machinery on credit , which party increses

9

9) Investments by owner into business are which account type?

Feedback

Cash in hand is a current asset

Capital is otherwise called owners equity

 
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