Which of the following are impersonal accounts ?
I...
Which of the following are impersonal accounts ?
I. Investment
II. Creditors
III. Premises
IV. Debtors
V. Salaries
I, III and IV
I, III and V
II and IV
III and V
Correct answer is D
Impersonal account; any account other than a personal account, being classified as either a real account, in which property is recorded, or a nominal account, in which income, expenses and capital are recorded.
Use the following information to answer the given question MANUFACTURING AND TRADING ACCOUNTS ...
Outstanding rent of N300 is paid by the proprietor. The effect on the balance sheet is that ...
If an organization maintains a periodic stock system, the stock quantities are? ...
Which of the following is the basis for apportioning rent among departments? ...
Industry ltd, issued 100,000 shares at ₦1 each out of its Authorized share capital of ₦200,000 a...
When a purchase business is revalued, the effect is that ...
The major advantages of an impurest system is that it ...
The standing order is a payment instruction given by a ...
A non-profit-making organization differs from a profit-making one in that? ...