Accountancy Dk Goel 2017 Solutions for Class 11 Commerce Accountancy Chapter 2 Double Entry System are provided here with simple step-by-step explanations. These solutions for Double Entry System are extremely popular among class 11 Commerce students for Accountancy Double Entry System Solutions come handy for quickly completing your homework and preparing for exams. All questions and answers from the Accountancy Dk Goel 2017 Book of class 11 Commerce Accountancy Chapter 2 are provided here for you for free. You will also love the ad-free experience on Meritnation’s Accountancy Dk Goel 2017 Solutions. All Accountancy Dk Goel 2017 Solutions for class 11 Commerce Accountancy are prepared by experts and are 100% accurate.

Page No 7.11:

Question 1:

Classify the following accounts under personal, real or nominal accounts :

(i) Commission Paid (ii) Commission Received
(iii) Commission Accrued (iv) Prepaid Salaries
(v) Leasehold Property A/c (vi) Discount Allowed
(vii) Carriage Inwards A/c (viii) Life Insurance Corporation of India
(ix) Drawings A/c (x) Rent Received in Advance
(xi) Debtors (xii) Sales A/c
(xii) Rent Paid in Advance (xiv) Bank Overdraft

Answer:

Classification of Accounts
 

Personal Accounts Real Accounts Nominal Accounts
(iii) Commission Accrued (v) Leasehold Property Account (i) Commission Paid
(iv) Prepaid Salaries   (ii) Commission Received
(viii) Life Insurance Corporation of India   (vi) Discount Allowed
(ix) Drawings Account   (vii) Carriage Inwards Account
(x) Rent Received in Advance   (xii) Sales Account
(xi) Debtors    
(xiii) Rent Paid in Advance    
(xiv) Bank Overdraft    



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