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Question
State whether the following statement is True or False with reasons:
Outstanding expense is a nominal account.
Options
True
False
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Solution
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Classify the following accounts under the types of Personal, Real and Nominal account:
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Classify the following account under the types of Personal, Real and Nominal account:
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Classify the following account under the types of Personal, Real and Nominal account:
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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:
Dividend on Investment Advance A/c
Classify the following account under the types of Personal, Real and Nominal account:
Discount A/c
Classify the following account under the types of Personal, Real and Nominal account:
Raj & company A/c
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