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महाराष्ट्र राज्य शिक्षण मंडळएचएससी कला (इंग्रजी माध्यम) इयत्ता ११ वी

State whether the following statement is True or False with reasons: Discount received is a nominal account. - Book Keeping and Accountancy

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प्रश्न

State whether the following statement is True or False with reasons:

Discount received is a nominal account.

पर्याय

  • True

  • False

MCQ
चूक किंवा बरोबर

उत्तर

This statement is True.
Discount received is an income for the business therefore discount received is a nominal account.
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Classification of Accounts
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2: Meaning and Fundamentals of Double Entry Book-Keeping - EXERCISE [पृष्ठ ४०]

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बालभारती Book Keeping and Accountancy [English] 11 Standard Maharashtra State Board
पाठ 2 Meaning and Fundamentals of Double Entry Book-Keeping
EXERCISE | Q 4. 4) | पृष्ठ ४०

संबंधित प्रश्‍न

Write one word/term or phrase which can substitute the following statement.

Accounts of Assets and Properties.


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The Assets which cannot be seen, touched or felt.


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Prepaid expenses is ______ account.


State whether the following statement is True or False with reasons:

Capital account is a real account.


State whether the following statement is True or False with reasons:

Outstanding salary is a nominal account.


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Loan account is personal account.


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Goodwill account is a real account.


Fill in the blank:

Land and Building account is ______ account.


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Raj & company A/c


Classify the following account under the types of Personal, Real and Nominal account:

Repairs A/c


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