Classify and explain accounts on the classical basis
Hi,
The classification of accounts has been explained in detail in the study material available at our website. Request you to visit the below link and scroll down to the heading 'Traditional Classification of Accounts'.
https://www.meritnation.com/cbse/class11-commerce/studymaterial/accountancy/financial-accounting-part-i/recording-of-transactions-i/394_2365_14087#slide5_meaning-of-debit-and-credit-and-classification-of-accounts
The classification of accounts has been explained in detail in the study material available at our website. Request you to visit the below link and scroll down to the heading 'Traditional Classification of Accounts'.
https://www.meritnation.com/cbse/class11-commerce/studymaterial/accountancy/financial-accounting-part-i/recording-of-transactions-i/394_2365_14087#slide5_meaning-of-debit-and-credit-and-classification-of-accounts