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महाराष्ट्र राज्य शिक्षण मंडळएचएससी कला (इंग्रजी माध्यम) इयत्ता ११ वी

State whether the following statement is True or False with reasons: Bank loan account is a Nominal account.

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प्रश्न

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

Bank loan account is a Nominal account.

पर्याय

  • True

  • False

MCQ
चूक किंवा बरोबर
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उत्तर

This statement is False.
Amount of loan given by the bank is known as a bank loan. Here, the bank is a legal entity, therefore we can say that a bank loan account is a. personal account.
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  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2: Meaning and Fundamentals of Double Entry Book-Keeping - EXERCISE [पृष्ठ ४०]

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बालभारती Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
पाठ 2 Meaning and Fundamentals of Double Entry Book-Keeping
EXERCISE | Q 4. 13) | पृष्ठ ४०

संबंधित प्रश्‍न

Answer in one sentence only:

State the meaning of Real Account.


Select the most appropriate alternatives from the given below and rewrite the statement:

Prepaid expenses is ______ 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:

Discount account is a nominal account.


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

Motor car account is a Real Account.


Fill in the blank:

Land and Building account is ______ account.


Fill in the blank:

Debit what comes in and credit what goes out is the rule of ______ account.


Fill in the blank:

Travelling expenses account is ______ type of Account


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

Mr. Rohit’s capital A/c


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

Loose Tools A/c


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

Drawing A/c


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

Cartage A/c


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

Prepaid Expenses 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:

Radhika’s A/c


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

Legal Expenses A/c


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

Fixed Deposit A/c


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

Audit Fees A/c


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

GST A/c (Goods and Service Tax)


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:

Discount A/c


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

Repairs A/c


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