These accounts always show debit balances:

CS Executive · Corporate and Management Accounting · PYQS · December 2023
These accounts always show debit balances:
(A) Personal Accounts
(B) Real Accounts
(C) Nominal Accounts
(D) Representative Personal Accounts

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Financial Accounting

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic