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Topic

Account Classification

Asked 3 times in EPFO over 9 years (2016–2025), peaking in 2023.
3
PYQs
1
Exams
3
Years active
2016–2025
Span
2023
Peak
2/3
Answers
📅 Full chronological timeline →

Key insights

  • Most tested in EPFO — 3 of 3 PYQs
  • Most asked in 2023
  • Recurs across 3 years (2016–2025)

Across exams

EPFO · 3

How the concept evolved

116
123
125
Rising — more than half its appearances (3 of 3) are since 2016.

Sample questions

You've seen the pattern — here are a few of the actual PYQs.
EPFO2025
Which one of the following statements is not correct ?
  1. A Capital account has a debit balance.
  2. B Discount column of cash book records cash discount.
  3. C Under traditional approach, rent outstanding is a personal account.
  4. D Cash sales are not recorded in the sales day book.
Answer key not yet available (pending official release)
Commerce & Accountancy › Financial Accounting
EPFO2023
Goodwill Account is a/an
  1. A Personal Account
  2. B Real Account ✓
  3. C Nominal Account
  4. D Expense Account
✓ Correct answer: (B)
Commerce & Accountancy › Financial Accounting
EPFO2016
Income and Expenditure Account is
  1. A Real Account
  2. B Personal Account
  3. C Nominal Account ✓
  4. D Capital Account
✓ Correct answer: (C)
Commerce & Accountancy › Financial Accounting

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