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प्रश्न
Classify the following account under the types of Personal, Real and Nominal account:
Loss on Sale of Furniture A/c
विकल्प
Personal Account
Real Account
Nominal Account
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उत्तर
Loss on Sale of Furniture A/c - Nominal Account
APPEARS IN
संबंधित प्रश्न
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 Assets and Properties.
Select the most appropriate alternatives from the given below and rewrite the statement:
Every debit has corresponding ____________
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:
Capital account is a real account.
State whether the following statement is True or False with reasons:
Outstanding salary 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:
Debit what comes in and credit what goes out is the rule of ______ account.
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Cartage A/c
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Plant and Machinery A/c
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Sundry Income A/c
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Radhika’s A/c
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Discount A/c
Classify the following account under the types of Personal, Real and Nominal account:
Royalty A/c
