21) Rent, Salaries and Wages paid are
(A) Real accounts
(B) Personal accounts
(C) Nominal accounts
(D) None of these
22) Yasir’s account is an example of
(A) Real accounts
(B) Personal accounts
(C) Nominal accounts
(D) None of these
23) Stationery account is an example of
(A) Consumable Asset
(B) Loss
(C) Expense
(D) None of these
24) Cash and personal accounts are maintained in
(A) Double Entry System
(B) Single Entry System
(C) Multiple Entry System
(D) None of these
25) Real and nominal accounts are maintained under
(A) Single Entry System
(B) Double Entry System
(C) Triple Entry System
(D) Multiple Entry System
26) Purchase machinery on account will be credited to
(A) Creditor account
(B) Purchase account
(C) Furniture account
(D) Cash account
27) Which of the following account is increased by debit entries
(A) Capital account
(B) Sales account
(C) Building account
(D) Purchase return account
28) Nominal accounts are related to
(A) Asset
(B) Liability
(C) Creditor
(D) Expense + Income
29) Cash is a kind of?
(A) Personal account
(B) Real account
(C) Nominal account
(D) None of these
30) Which of the following accounts is decreased by debit entries?
(A) Capital account
(B) Purchase account
(C) Building account
(D) Sales return account
31) Capital account is related to
(A) Nominal account
(B) Real account
(C) Personal account
(D) None of these