Debt and Subscription Payable A/c

Notes Compiled by Prof. M. B. Thakoor
Chapter 2 - Classification of Accounts (Problems)

Q.I. Classify the following into personal A/c, real A/c and Nominal A/c.
1. Mr. X A/c.
2. Bank of India A/c.
3. Bank A/c.
4. Cash A/c.
5. Land and Building A/c.
6. Plant and Machinery A/c.
7. Furniture A/c.
8. Insurance A/c. / Insurance Premium A/c.
9. Insurance Company A/c.
10. M/s. X & Co. A/c.
11. Rent A/c. / Rent paid A/c
12. Rent Received A/c.
13. Rent Receivable A/c.
14. Rent Payable A/c.
15. Prepaid Rent A/c.
16. Outstanding Rent A/c.
17. Discount A/c.
18. Wages A/c.
19. Outstanding wages A/c.
20. Commission A/c.
21. Commission Received A/c.
22. Commission Paid A/c.
23. Commission Receivable A/c. / Comm. due but not received.
24. Commission Payable A/c.
25. Commission Received but not due A/c.

Q.II. Classify the following into personal, Real and Nominal A/cs.
1. Rams Capital A/c.
2. Capital A/c.
3. Rams Drawing A/c.
4. Drawings A/c.
5. Octroi A/c
6. Patent & Trademark A/c
7. Goodwill A/c.
8. Copy Right A/c.
9. Office Premises A/c.
10. Motor Car A/c.
11. Motor Car Expense A/c.
12. Motor Car Expense Payable A/c.
13. Provident Fund A/c.
14. Provident Fund Investment A/c.
15. Provident Fund Contribution A/c.
16. Depreciation A/c.
17. Royalty A/c.
18. Royalty Received A/c.
19. Royalty Paid A/c.
20. Royalty Receivable A/c.
21. Royalty Payable A/c.
22. Fixed Deposit A/c.
23. Investment A/c.
24. University of Bombay A/c.
25. Live Stock A/c.
26. Dead Stock A/c.

Q.III. Classify the following into personal A/c, Real A/c and Nominal A/c.
1. Bad debts A/c.
2. Factory Building A/c
3. Subscription A/c
4. Subscription Payable A/c
5. Mr. X’s Loan A/c
6. Loan A/c
7. Bank Loan A/c
8. Interest on Bank Loan A/c
9. Outstanding Interest on Bank Loan A/c
10. Debtor A/c
11. Creditor A/c
12. Bank Charges A/c
13. Bank Overdraft A/c
14. Typewriter A/c
15. Typewriter Repair A/c
16. Typewriter Repair Payable A/c
17. Railway