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Commerce · Q2548

Accounting

Graduate and Post Graduate · Commerce · question 2548

Q2548

Match List-I with List-II and select the correct answer using the options given below the lists: List-I (Types of accounts) List-II (Principles) a. Real Accounts 1. Debit the receiver credit the giver b. Nominal Accounts 2. Debit what comes in credit what goes out c. Personal Accounts 3. Debit all expenses credit all gains

Match List-I with List-II and select the correct answer using the options given below the lists:
List-I (Types of accounts) List-II (Principles)
a. Real Accounts 1. Debit the receiver credit the giver
b. Nominal Accounts 2. Debit what comes in credit what goes out
c. Personal Accounts 3. Debit all expenses credit all gains
A.
a-3, b-2, c-1
B.
a-1, b-3, c-2
C.
a-2, b-3, c-1
Answer
D.
a-1, b-2, c-3

Answer: Option C

Solution

Answer: Option C
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