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DK GOEL-Double Entry System-VERY SHORT ANSWER QUESTIONS
- What is Double Entry System of Book-Keeping?
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- State the Type of Accounts.
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- What are Personal Accounts?
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- What are Real Accounts?
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- What are Nominal Accounts?
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- What are Natural Personal Accounts? Give on example.
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- What are Artificial Personal Accounts ? Give one example.
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- What are Representative Personal Accounts? Give one example.
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- What is the rule of recording transactions in Personal Accounts?
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- What is the rule of recording transactions in Real Accounts?
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- What is the rule of recording transactions in Nominal Accounts?
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