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Account M.C.Q (1 Marks)

Double Entry System · CBSE STD 11 Commerce (CBSE - English Medium). 3 questions.

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M.C.Q (1 Marks)

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3 questions · timed · auto-graded

Question 11 Mark
Classify the following accounts into Personal, Real or Nominal accourts:
  1. Machinery.
  2. Capital.
  3. Stock.
  4. Bad Debts.
  5. Goodwill.
  6. Sales.
  7. Drawings.
  8. Salary.
  9. Outstanding Salary.
  10. Insurance.
  11. Prepaid Insurance.
  12. Interest Received.
Answer
  1. Personal Accounts:
  1. Capital.
  1. Drawings.
  1. Outstanding Salary.
  1. Prepaid Insurance.
  1. Real Accounts:
  1. Machinery.
  1. Stock.
  1. Goodwill.
  1. Nominal Accounts:
  1. Bad Debts.
  1. Sales.
  1. Salary.
  1. Insurance.
  1. Interest Received.
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Question 21 Mark
Classify the following into three types of personal accounts:
  1. Capital Account.
  2. Tata Steel Company.
  3. Debtors Accounts.
  4. Outstanding Expenses Account.
  5. Bank Account.
  6. Haryana Education Board.
  7. Shri Ram College of Commerce.
Answer
  1. Natural Personal Accounts:
  1. Capital Account.
  1. Debtors Accounts.
  1. Artificial Personal Accounts:
  1. Tata Steel Company.
  1. Bank Account.
  1. Haryana Education Board.
  1. Shri Ram College of Commerce.
  1. Representative Personal Accounts:
  1. Outstanding Expenses Account.
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Question 31 Mark
State to which class of accounts does each of the following relate:
  1. Cash.
  2. Bank.
  3. Trade Marks.
  4. Debtors.
  5. Creditors.
  6. Commission Received.
  7. Accrued Commission.
  8. Commission Received in Advance.
Answer
  1. Personal Accounts:
  1. Bank.
  1. Debtors.
  1. Creditors.
  1. Accrued Commission.
  1. Commission Received in Advance.​​​​​​
  1. Real Accounts:
  1. Cash.
  1. Trade Marks.​​​​​​​
  2. Nominal Accounts:
  3. Commission Received.
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M.C.Q (1 Marks) - Account STD 11 Commerce Questions - Vidyadip