6 Classify the following accounts as real, nominal or Personal Accounts. Tick the correct column. Account...

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6 Classify the following accounts as real, nominal or Personal Accounts. Tick the correct column. Account a) Equipment b) Wages expense c) Stock d) P. Andy (Debtor) e) Capital f) Motor vans K. John (Creditor) g) h) Rent expense i) Sales i) Commissions received k) Cash at bank Real accounts Nominal accounts Personal accounts 7 Use the following table to classify the accounts. Account a) Stock- raw materials b) Land c) Electricity expense d) Debtors e) Purchases f) Discounts received Creditors g) h) Rent i) F. Smart (owner's account) Cash in hand k) Drawings 8 From the following information, calculate the total value of: a) Real accounts b) Nominal accounts c) Personal accounts. S. Donasian (customer) Furniture J. Price (supplier) Internet charges Stock-finished goods Depreciation V. Tomen (debtor) Real accounts Capital Cash D. Mohammed (creditor) Sales Nominal accounts $ 740 1200 600 330 850 525 200 3400 1360 425 2100 Personal accounts: 6 Classify the following accounts as real, nominal or Personal Accounts. Tick the correct column. Account a) Equipment b) Wages expense c) Stock d) P. Andy (Debtor) e) Capital f) Motor vans K. John (Creditor) g) h) Rent expense i) Sales i) Commissions received k) Cash at bank Real accounts Nominal accounts Personal accounts 7 Use the following table to classify the accounts. Account a) Stock- raw materials b) Land c) Electricity expense d) Debtors e) Purchases f) Discounts received Creditors g) h) Rent i) F. Smart (owner's account) Cash in hand k) Drawings 8 From the following information, calculate the total value of: a) Real accounts b) Nominal accounts c) Personal accounts. S. Donasian (customer) Furniture J. Price (supplier) Internet charges Stock-finished goods Depreciation V. Tomen (debtor) Real accounts Capital Cash D. Mohammed (creditor) Sales Nominal accounts $ 740 1200 600 330 850 525 200 3400 1360 425 2100 Personal accounts:

Answer rating: 100% (QA)

a Equipment Real account b Wages expense Nominal account c Stock ... View the full answer