Impersonal account is subdivided into
...Impersonal account is subdivided into
Real and nominal accounts
Nominal and personal accounts
Real and current accounts
Personal and real accounts
Correct answer is A
IMPERSONAL ACCOUNTS represents accounts other than Personal Accounts. This may be sub-classified into:
a. Real Accounts, e.g. Asset Account; and,
b. Nominal Accounts, e.g. Income and Expenditure Accounts.
Goodwill can be valued in partnership when? ...
Net turnover is referred to as ...
A merchant paid ₦180,000 on rent for 18 months bu charged ₦120,000 to profit and loss account fo...
An amount set aside out of profit for a specific purpose is a ...
The following appears in the trading account except ...
Which of the following does not appear in a bank statement? ...
D Motor vehicle 500000 Stock 35000 ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hli...