हिंदी

State whether the following statement is True or False with reasons: Discount received is a nominal account. - Book Keeping and Accountancy

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प्रश्न

State whether the following statement is True or False with reasons:

Discount received is a nominal account.

विकल्प

  • True

  • False

MCQ
सत्य या असत्य
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उत्तर

This statement is True.
Discount received is an income for the business therefore discount received is a nominal account.
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  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2: Meaning and Fundamentals of Double Entry Book-Keeping - EXERCISE [पृष्ठ ४०]

APPEARS IN

बालभारती Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
अध्याय 2 Meaning and Fundamentals of Double Entry Book-Keeping
EXERCISE | Q 4. 4) | पृष्ठ ४०

संबंधित प्रश्न

Answer in one sentence only.

What is an Account?


Answer in one sentence only:

State the meaning of Real Account.


Write one word/term or phrase which can substitute the following statement.

Accounts of Expenses and Losses and Incomes and Gains.


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:

Loan account is personal 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:

Motor car account is a Real 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.


 Classify the following accounts under the types of Personal, Real, and Nominal accounts:

Prepaid Rent A/c


Classify the following accounts under the types of Personal, Real and Nominal account:

Copyright A/c


Classify the following accounts under the types of Personal, Real and Nominal account:

Patent A/c


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Outstanding Income A/c


Classify the following accounts under the types of Personal, Real and Nominal account:

Commission Received A/c


Classify the following account under the types of Personal, Real, and Nominal account:

Sundry Income A/c


Classify the following account under the types of Personal, Real and Nominal account:

Live Stock A/c


Classify the following account under the types of Personal, Real and Nominal account:

Goods distributed as free sample A/c


Classify the following account under the types of Personal, Real and Nominal account:

Trademark A/c


Classify the following account under the types of Personal, Real and Nominal account:

Siddhivinayak Trust A/c


Classify the following account under the types of Personal, Real and Nominal account:

Office Equipment A/c


Classify the following account under the types of Personal, Real and Nominal account:

The stock of Stationery A/c


Classify the following account under the types of Personal, Real and Nominal account:

Dividend on Investment Advance A/c


Classify the following account under the types of Personal, Real and Nominal account:

Discount A/c


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