The accounts of a College is an example of ____________ Account.
Natural Personal
Artificial Personal
Representative Personal
None of these
Those from whom the business borrows or buys from on credit called _________.
Creditors
Debtors
Both and b
Lohia Machine limited Account is classified under ___________ Account.
Personal Account
Real Account
Nominal Account
None of the above
The term ______ denotes the claims of various parties against the assets.
Assets
Equities
Both 1 and 2
Find out the advantages of double entry system
Unscientific system
Unsystematic
Secrecy is maintained
Knowledge of various information
_____________ accounts are those which are related to money's worth.
Real account
Nominal account
Personal account