Trading account is a ____________account
A) Real
B) Nominal
C) Persona
Correct Answer:
Verified
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
Q55: Nominal accounts are related to
A)Assets& liability
B)Expenses &
Q56: Sales journal is used for recording
A)Cash sales
B)Credit
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
Q61: Income tax is debited to _
A)Profit and
Q62: Goods taken by the proprietor for personal
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents