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
Answers
Answered by
4
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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Answered by
1
answer 》 option c is correct
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