A. Nominal accounts
B. Balance sheet accounts
C. Real accounts
D. None of them
Related Mcqs:
- A chart of accounts generally start with which of the following types of accounts??
- During the accounting period, sales revenue is Rs. 25,000 and accounts receivable increases by Rs. 8,000. What will be the amount of cash received from customers for the period??
- Arrangement of Balance Sheet in a logical order is known as __________??
- If a company has contingent liabilities, they appear in the__________??
- Which of the following statements is most closely associated with analytical procedure applied at substantive stage??
- Which of the following statement is considered as the accountant’s snapshot of firm’s accounting value as of a particular date??
- Which of the following statements are / is true? – Events after Balance Sheet are??
- Which of the following can be considered as the most important phase of accounting cycle and it is the primarily objective of financial accounting??
- ________ is the common base for preparing a trial balance??
- Recent developments have made much of a company‘s inventory obsolete. This obsolete inventory should be??
