1. Share allotment account is a (A) Personal account (B) Real account (C) Nominal account (D) Impersonal account
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Answer:
a ) personal account
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Answer:
A) Personal Account...
Share allotment Account is a Personal Account.
Explanation:
Share Application or share allotment or Share capital A/c all are personal accounts as they represent money from the shareholders and when money is due, these are to be debited because of the rule "Debit the receiver".
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