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Commerce · Q35

Miscellaneous in Commerce

Graduate and Post Graduate · Commerce · question 35

Q35

Identify which is wrong rule?

A.
Nominal account - debit all expenses & losses
B.
Real account - credit what comes in
Answer
C.
Nominal account - credit all incomes & gains
D.
Personal account - debit the receiver

Answer: Option B

Solution

Answer: Option B
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