Question

Q.2) Solve the Following TRUE or FALSE With the Reason:

1) Personal accounts means the person receives the losses the from Business.

2) Wages Paid to the staff or Employees

3) Revenue expenditure the benefit of which available normally within a period of Two year.

4) Investment means amount invested by the businessmen inside his business is called investment.

5) Single entry method incomplete or partial record of the business transactions are recorded. ​

Answer 1

Answer:

answer 1

false, in Personal account all losses or profits from the business are received

2

false , salary is provided to staff or employee

wages are provided to workers

3

4true

5true