Income and Expenditure Account is a
A) Nominal Account
B) Real Account
C) Personal Account
D) Artificial Personal Account
Correct Answer:
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Q1: The Accommodation bill is drawn
A)to finance actual
Q2: Balance of X's account in creditors ledger
Q3: Ground rent or surface rent means
A)Minimum rent
B)Maximum
Q4: Accounting standard in India are issued by
A)Government
Q5: As on 31st March, 2017 debtors and
Q7: Creditors ledger adjustment account is opened in
A)General
Q8: Receipts and Payments account is a
A)Nominal Account
B)Real
Q9: A resource owned by the business with
Q10: Outward Invoice issued is a source document
Q11: Which of the following is of capital
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