Question

96. Which one of the following statements is
correct?
(a) Capital of the firm is reduced by
borrowing
(b) When there is no change in proprietor's
capital it is an indication of loss in
business
(c) Nominal accounts refer
refer to false
transaction
(d) Real accounts relate to the assets of a
business.​

Answer 1

Answer:

d option is correct

Explanation:

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