Personal Account, Impersonal Account, And Real And Nominal Account - SS1 Accounting Past Questions and Answers - page 1

1

Which of the following is an example of a personal account?

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A

Depreciation account

B

Bank account

C

Inventory account

D

Rent expense account

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2

Which of the following is an example of an impersonal account?

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A

Customer account

B

Accounts payable account

 

C

Sales account

D

Accounts receivable account

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3

Which of the following is an example of a real account?

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A

Rent expense account

 

B

Sales account

C

Accounts payable account

D

Equipment account

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4

Which of the following is an example of a nominal account?

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A

Bank account

B

Depreciation account

C

Inventory account

D

Interest income account

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5

Which type of account is used to keep track of transactions involving individuals or organizations?

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A

Real account

B

Nominal account

 

C

Personal account

D

Impersonal account

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6

What is a personal account and give an example of one?

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7

What is the difference between a real account and a nominal account?

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