Question

Make a table of the Ledger accounts alphabetically and write their respective groups and subgroups. Refer to Std XI IT textbook.

Answer 1

Ledger Account	Group	Sub-group
Bank A/c	Assets	Current Assets
Capital A/c	Capital/Equity	Owner’s Equity
Cash A/c	Assets	Current Assets
Discount Allowed A/c	Expenses	Indirect Expenses
Discount Received A/c	Income	Indirect Income
Drawings A/c	Capital	Contra Capital
Furniture A/c	Assets	Fixed Assets
Purchases A/c	Expenses	Direct Expenses
Rent A/c	Expenses	Indirect Expenses
Salary A/c	Expenses	Indirect Expenses
Sales A/c	Income	Direct Income
Sundry Creditors A/c	Liabilities	Current Liabilities
Sundry Debtors A/c	Assets	Current Assets
Wages A/c	Expenses	Direct Expenses