Question : Nature of Realisation A/c is
Option 1: Real A/C
Option 2: Personal A/C
Option 3: Nominal A/C
Option 4: Not defined yet
Correct Answer: Nominal A/C
Solution : Rule of real account is debit what comes in and credit what goes out. The nature of Realisation A/c is Nominal A/C. Hence, the correct option is 3.
Question : Realisation A/c is a :
Question : The nature of Receipts and Payment Account is:
Question : The nature of Income and Expenditure Account is:
Question : The realization account is a
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