Home / Questions / Question 1: Please tell me what type of account, if it's a Real or Nominal, and if it's a DR or CR
Question 1: Please tell me what type of account, if it's a Real or Nominal, and if it's a DR or CR
1) Accounts Payable
2) Service fees avenue
3) Tax expense
4) Cash
5) Interest Receivable
6) Accounts Receivable
7) Smith, Drawings
8) Retained Earnings
9) Depreciation Expense
10) Interest Income
Question 2: Are the following accounts Assets, Liabilities, or Equity?
1) Accounts Receivable
2) Smith, Capital
3) Wages Payable
4) Cash
5) Inventory
6) Taxes Payable
7) Additional Paid-in-Capital
8) Retained Earnings
9)Buildings
10)Land
Question 3: For each please provide type of account as either Asset, Liability, Equity. Also if they are Real or Nominal
1) Inventory
2) Bonds Payable
3) Common Stock
4) Prepaid Insurance
5) Sales
6) Cost of Goods Sold
7) Supplies Expense
8) Supplies on hand
9) Wages payable
10) Mortgage Payable
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