Answer Posted / md zubair

Equity shares capital are the owners of the company it
comes in Liability side under share capital which share
profit. It effect in balance sheet because the profit
earned will distributed to equity shares which is liability
to company.

CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL- 1.unpaid salaries a/c 2.arvind mills a/c 3.arvind mills shares a/c 4.prepaid rent a/c 5.fire insurance premium a/c 6.life insurance premium a/c 7.petty cash a/c 8.loan given a/c 9.interest received a/c 10.loan received a/c

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