Q24.Interest A/c is
(1) Real A/c
(2) Nominal A/c
(3) None of these
(4) Personal A/c
Answer
Nominal A/c
Related Questions on Theory Base of Accounting
Q25.Non-current Assets is
(1) Stock
(2) Building
(3) Prepaid Expense
(4) Debtors
Answer
Building
Q26.Formula of Liquid Assets
(1) Current Assets – Current Liabilities
(2) Current Assets – Stock + Prepaid Expense
(3) None of these
(4) Current Assets + Stock + Prepaid Expense
Answer
Current Assets – Stock + Prepaid Expense