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Commerce · Q2208

Accounting

Graduate and Post Graduate · Commerce · question 2208

Q2208

Debit: all Expenses and Losses Credit: all Gains or Income This formula is applicable for:

A.
Representative Personal Accounts
B.
Tangible Real Accounts
C.
Natural Personal Accounts
D.
Intangible Real Accounts
E.
Nominal Accounts
Answer

Answer: Option E

Solution

Answer: Option E
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