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प्रश्न
Classify the following account under the types of Personal, Real and Nominal account:
Income tax A/c
विकल्प
Personal Account
Real Account
Nominal Account
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उत्तर
Income tax A/c - Personal Account
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संबंधित प्रश्न
Answer in one sentence only.
What is an Account?
Write one word/term or phrase which can substitute the following statement.
Name of the account which is debited when proprietor uses business money for personal use.
Write one word/term or phrase which can substitute the following statement.
Accounts of Expenses and Losses and Incomes and Gains.
State whether the following statement is True or False with reasons:
Outstanding expense is a nominal account.
State whether the following statement is True or False with reasons:
Discount received is a nominal account.
State whether the following statement is True or False with reasons:
Drawings account is a nominal account.
State whether the following statement is True or False with reasons:
Discount account is a nominal account.
State whether the following statement is True or False with reasons:
Bank loan account is a Nominal account.
Fill in the blank:
Increase in capital is credited and decrease in capital is ______
Fill in the blank:
Travelling expenses account is ______ type of Account
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Prepaid Rent A/c
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Freight A/c
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Goods distributed as free sample A/c
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Income Received in Advance A/c
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