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Basic Accounting
Option D is correct answer
D. BOTH A & B
Option 'c' is correct i.e. Personal Account since bills payable represents creditors for purchases. And every creditor is a person whether artificial or natural.
Answer is D. both a & B
Real Account
Reason: It depends whether bills payable related to an expense or an asset.
EXpense, losses , income, gains are example of nominal accounts
Accounts that represent assets are example of real accounts
Accounts which represent person or organization are example of personal accounts
so if bill payable is related to fixed assest purchase then it is real account
if bill payable is relate to expense then it is nominal account
if bill payable is relate to person/ organization then it is personal account.
however ultimately this bill payable is relate to any person or organzation.
If the Bill payable is against the Purchases then it is a Real Account and if it is against the expenses then it should be considered as Nominal Account..