Nominal accounts are related to
A) Assets& liability
B) Expenses & losses
C) Debtors & creditor
Correct Answer:
Verified
Q50: Accounts receivable normally has _ balance
A)Credit
B)Debit
C)Negativ
Q51: Financial statements are the part of _
A)Book-
Q52: Bank account is a _
A)Personal accounting
B)Real account
C)Nominal
Q53: Cost of goods old can be calculated
Q54: Capital expenditure are recorded in the _
A)Balance
Q56: Sales journal is used for recording
A)Cash sales
B)Credit
Q57: Trading account is a _account
A)Real
B)Nominal
C)Persona
Q58: Closing stock is valued at _
A)Market price
B)Cost
Q59: Balance sheet is an _
A)Statement
B)Account
C)Bot
Q60: Wages paid on for the erection of
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