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D)Error of passing in wrong a/c but correct side(xvik) Repairs to machinery Affect Machinery account. (True/False)2Explain the rules of recording Personal and Real AccountsGive two difference between Book te |
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Answer» Explanation: 2) An example of a Real Account is a Bank Account. A Personal account is a GENERAL LEDGER account connected to all persons LIKE individuals, firms and associations. ... A NOMINAL account is a General ledger account pertaining to all income, EXPENSES, losses and gains. An example of a Nominal Account is an Interest Account |
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