Multiple Choice
Profit and loss account is a
A) personal account
B) real account
C) nominal account
D) representative personal account
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: _ is root cause for financial accounting<br>A)stewardship
Q7: In income measurement & recognisation of assets
Q8: Dividing the expenditure into capital and revenue
Q9: Which of the following is incorrect?<br>A)good will
Q10: The process of recording financial data upto
Q12: Provision for discount on debtors is calculated
Q13: Human resources will not appear in the
Q14: Commission paid is a<br>A)personal account<br>B)real account<br>C)nominal account<br>D)representative
Q15: Which of the following is wrong?<br>A)all real
Q16: Which of the following is not a