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Teaching Accountancy Accounting Process : Journal to Trial Balance Question Bank MCQ - Accounting Process: Journal to Trial Balance

  • question_answer
    The basic principle i.e. "all expenses are debited and all incomes are credited" applies to

    A)  Personal accounts                     

    B)  Nominal accounts

    C)  Real accounts                           

    D)  None of the above

    Correct Answer: B

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