Q36.Investment A/c is related to
(1) Real A/c
(2) Personal A/c
(3) None of these
(4) Nominal A/c
Answer
Real A/c
Related Questions on Theory Base of Accounting
Q37.Under ___ method, the balance of the capital account fluctuates from year to year.
(1) Current account
(2) Fixed capital account
(3) Floating capital account
(4) Fluctuating capital account
Answer
Fluctuating capital account
Q38.Which of the following is not a current asset ?
(1) Debtors
(2) Prepaid Expenses
(3) Bills Receivable
(4) Furniture
Answer
Furniture