MCQOPTIONS
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| 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 | |