Question

which of the following statement is true in accounting
(a) building account is a nominal account
(b) outstanding rent account is non- personal account
(c) every debit has a corresponding credit
(d) incomes are debited​

Answer 1

Answer:

Correct option is

C

Every debit has a corresponding credit

Option C is a true statement, because:-

According to double entry system, Every debit has a corresponding credit.

Building a/c is a real account. Building is an asset & comes under real account.

Outstanding rent is a personal account as it related to a specific person.

All Incomes & Gains are credited - as per golden rules of Nominal Account.

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Answer 2

answer 》 option c is correct