Question

Which of the following statements is not true?
(a) All Personal & Real accounts ultimately show some balance
(b) The balances of Nominal accounts are transferred to Profit & Loss a/c
(c) Rent a/c is a personal account but outstanding rent account is a nominal account
(d) In ledger, accounts are opened separately

Answer 1

$<b1>$

Among the options, the statement which is not true is "Rent a/c is a personal account but outstanding rent account is a nominal account"

So, the answer is :-

[C] Rent a/c is a personal account but outstanding rent account is a nominal account ✓✓

Answer 2

Hello Friend

Ans

Option.C

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