8.When accounting records are maintained under single entry system as per ______ accounts are maintained (a) Real and personal (b) Personal and nominal (c) Real and nominal (d) Cash and personal
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Answer:
Nominal Accounts
Explanation:
Nominal accounts are usually maintained in Single Entry System . In Single Entry System, all the transactions are just recorded one time unlike ' double entry system '. It is also known as ' Single Entry Bookkeeping ' . It is not a scientific method of recording transactions . Profit can not be determined using this system.
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Answer:
dont know
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