Question

Out of the following statements, identify the wrong statement. (a) Real & personal A/c’s are transferred to balance sheet. (b) Nominal A/c’s are transferred to profit and loss A/c (c) Cash A/c is not opened separately in the ledger (d) Rent A/c is a personal A/c and outstanding Rent A/c is a nominal A/c

Answer 1

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Among the options, the statement which is wrong is "Rent A/c is a personal A/c and outstanding Rent A/c is a nominal A/c".

So, the Answer is :-

[D] Rent A/c is a personal A/c and outstanding Rent A/c is a nominal A/c ✓✓

Answer 2

Hello Friend

Ans

Option.D

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