Question

All entries in P/L Account are normally ?
1. Pessonal account only.
2. Real accounts only
3. Nominal Accounts only
4. Personal and real accounts.
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Answer 1

Answer:

personal account only please please mark me as branliest

Answer 2

Nominal accounts are accounts alternative than Personal and Real accounts

Explanation:

• Nominal accounts are accounts alternative than Personal and Real accounts

• Real accounts are accounts alternative than Personal and Nominal accounts

• Personal accounts are accounts alternative than Real and Nominal accounts

• Whatever could be the amount of accounting heads/elements associate degree structure accounting is split into, it should/will contain all the three varieties of accounts i.e. Real a/c's, Nominal a/c's, and Personal a/c's.

• Where the data required by the organization is extremely negligible, it can account for the transactions relating to its business with a minimum of 4 accounting heads.