πŸ“Š Computerized Accounting Software
Q. Which of the following is wrong?
  • (A) All real and personal accounts are transferred to balance sheet
  • (B) Nominal accounts are transferred to P & L account
  • (C) Each account is opened separately in ledger
  • (D) Rent is a personal account, outstanding rent is nominal account
πŸ’¬ Discuss
βœ… Correct Answer: (D) Rent is a personal account, outstanding rent is nominal account

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