Advertisements
Advertisements
Question
State whether the following statement is True or False with reasons:
Loan account is personal account.
Options
True
False
Advertisements
Solution
APPEARS IN
RELATED QUESTIONS
Answer in one sentence only.
What is an Account?
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:
Prepaid expenses is ______ account.
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:
Discount received is a nominal 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:
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
Fill in the blank:
______ accounts are accounts of properties and assets.
Fill in the blank:
Laptop account is a ______ 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 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:
Freight 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:
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:
Audit Fees 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:
Dividend on Investment 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:
Repairs A/c
