(i) Bills Payable A/c (ii) Bank of India A/c (iii) Carriage Inwards A/c

Question

Classify the following accounts under the types of Personal, Real, and Nominal accounts :

(i) Bills Payable A/c

(ii) Bank of India A/c

(iii) Carriage Inwards A/c

(iv) Stock A/c

(v) Accrued Interest A/c

Answer 1

(i) Personal Account

(ii) Personal Account

(iii) Nominal Account

(iv) Real Account

(v) Personal Account