Q40.Salary A/c is related to
(1) Real A/c
(2) Personal A/c
(3) Capital A/c
(4) Nominal A/c
Answer
Nominal A/c
Related Questions on Theory Base of Accounting
Q41.The Trading and Profit and Loss Account is prepared under which attribute of accounting:
(1) Recording
(2) Summarising
(3) Analysis and Interpretation
(4) Classifying
Answer
Summarising
Q42.Identified and measured economic events should be recorded in _ order.
(1) Financial
(2) Chronological
(3) Monetary
(4) Proper
Answer
Chronological