Salary is Real Account. *
True
False
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6
Answer:
answer :
the given statement is false
Salary payable to an employee means an outstanding salary. As an employee (person) is involved, an outstanding salary is nothing but a personal account.
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1
Answer:
Income and Expenditure Account is Real Account. - False. Explanation: In Income and Expenditure Account, all the revenue incomes and revenue expenses are recorded and therefore it is a Nominal Account and not a real Account.
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