Q. The rule debit all expenses and losses and credit all income and gains relates to
A. Nominal accounts
B. Personal account
C. Real account
D. None of the above
Answer: Nominal accounts
Take Mock Tests
| Government Schemes Mock Test | Start Test! |
| Political Science Mock Test – 42 | Start Test |
| History Test – 190 | Start Test |
| Quantitative Aptitude Test | Start Test! | Data Interpretation - Mock Test | Start Test! |
| General Awareness - Mock Test | Start Test! |
| Reasoning Ability - Mock Test | Start Test! |
We will be happy to hear your thoughts