Question

d)Error of passing in wrong a/c but correct side
(xvik) Repairs to machinery Affect Machinery account. (True/False)
2
Explain the rules of recording Personal and Real Accounts
Give two difference between Book te​

Answer 1

Explanation:

2)

An example of a Real Account is a Bank Account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. ... A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. An example of a Nominal Account is an Interest Account