Advertisements
Advertisements
Question
State whether the following statement is True or False with reasons:
Discount account is a nominal account.
Options
True
False
Advertisements
Solution
APPEARS IN
RELATED QUESTIONS
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:
Radha's Account is a type of ______ account.
Select the most appropriate alternatives from the given below and rewrite the statement:
Machinery Account is ______ 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:
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:
Increase in capital is credited and decrease in capital is ______
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 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:
Patent 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:
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:
Outstanding Wages 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:
Trademark 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:
The stock of Stationery 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:
Income Received in Advance A/c
Classify the following account under the types of Personal, Real and Nominal account:
Raj & company A/c
Classify the following account under the types of Personal, Real and Nominal account:
Royalty A/c
