All revenue incomes are credited to
A) manufacturing account
B) trading account
C) profit and loss account
D) balance sheet
Correct Answer:
Verified
Q5: Outstanding salary account is a
A)natural personal account
B)artificial
Q6: Interest earned is a
A)personal account
B)real account
C)nominal account
D)representative
Q7: Commission paid is a
A)personal account
B)real account
C)nominal account
D)representative
Q8: Trading account is a
A)personal account
B)real account
C)nominal account
D)representative
Q9: Profit and loss account is a
A)personal account
B)real
Q11: In profit and loss account, if credit
Q12: The process of recording financial data upto
Q13: In income measurement & recognisation of assets
Q14: Interpretation means
A)explanation of meaning and significance of
Q15: Which of the following is wrong?
A)all real
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