Multiple Choice Questions on Income and Expenditure Account is a ........ for Commerce ( 11 and 12th) Preparation

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Multiple Choice Questions

Income and Expenditure Account is a ........

Accountancy ( 12th) Accounting for Not-for-Profit Organisation
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    Income and Expenditure Account is a :

    Personal Account

    Incorrect Answer

    Real Account

    Incorrect Answer

    Nominal Account

    Correct Answer

    Real and Nominal Account, both

    Incorrect Answer
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    Explanation:

    Nominal Account

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