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Classify the following account under the types of Personal, Real and Nominal account: Discount A/c

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Question

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

Discount A/c

Options

  • Personal Account

  • Real Account

  • Nominal Account

MCQ
One Word/Term Answer
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Solution

Discount A/c - Nominal Account

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Chapter 2: Meaning and Fundamentals of Double Entry Book-Keeping - EXERCISE [Page 41]

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Balbharati Book Keeping and Accountancy [English] Standard 11 Maharashtra State Board
Chapter 2 Meaning and Fundamentals of Double Entry Book-Keeping
EXERCISE | Q 6. 37) | Page 41

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