1.

Which of the following statements is/are true?(i) Drawings Account is a Nominal Account (ii) Capital Account is a Real Account (iii) Sales Account is a Nominal Account (iv) Outstanding salaries account is a Nominal Account (v) Patents Account is a Personal Account

A. Only (i) above
B. Only (iii) above
C. Both (ii) and (iii) above
D. Both (ii) ,(iv) and (v)above
Answer» C. Both (ii) and (iii) above


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