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

State whether the following statement is True or False with reasons: Drawings account is a nominal account.

Advertisements
Advertisements

प्रश्न

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

Drawings account is a nominal account.

पर्याय

  • True

  • False

MCQ
चूक किंवा बरोबर
Advertisements

उत्तर

This statement is False.
Drawings mean amount withdrawn by the owner from business and the owner’s account is a personal account. Therefore, we can say that the drawings account is a personal account.
shaalaa.com
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 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
पाठ 2 Meaning and Fundamentals of Double Entry Book-Keeping
EXERCISE | Q 4. 5) | पृष्ठ ४०

संबंधित प्रश्‍न

Answer in one sentence only.

What is an Account?


Answer in one sentence only:

What is Personal 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.

The Assets which cannot be seen, touched or felt.


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

Every debit has corresponding ____________


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

Goodwill is ______ asset.


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:

Goodwill account is a real 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:

Land and Building account is ______ 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 account:

Loose Tools 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:

Copyright A/c


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

Prepaid Expenses 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:

Loss on Sale of Furniture A/c


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

Bank of Maharashtra 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:

Loss by fire A/c


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

Motor Car 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:

Income Received in Advance A/c


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

Repairs A/c


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

Royalty A/c


Share
Notifications

Englishहिंदीमराठी


      Forgot password?
Use app×