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

State whether the following statement is True or False with reasons: Loan account is personal account.

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प्रश्न

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

Loan account is personal account.

पर्याय

  • True

  • False

MCQ
चूक किंवा बरोबर
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उत्तर

This statement is True.
Amount received or paid for a temporary period from or to a person is known as loan account. Here, the person is involved, therefore 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]

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. 7) | पृष्ठ ४०

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.

The Assets which cannot be seen, touched or felt.


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:

Discount account is a nominal account.


Fill in the blank:

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


Fill in the blank:

______ accounts are accounts of properties and assets.


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:

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:

Commission Received A/c


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

Plant and Machinery 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:

Loss on Sale of Furniture A/c


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

Loan A/c


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

Computer 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:

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:

Income tax 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:

Indian Railways A/c


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

Discount A/c


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