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<p><strong>a. Real account </strong></p> <p><strong>b. Personal account </strong></p> <p><strong>c. Nominal account </strong></p> <p><strong>d. Suspense account </strong></p>
I support the answers: >>>>>>>>>>>> b. Personal account
Answer B.
Outstanding salary is personal account because it is a representative person.
Personal account can be divided into3 ie: Natural Person ,Artificial Person and representative person
Regards,
Joshi Mathew #1036906
A is the correct answer
Sorry my friends, Outstanding salary is a liablit account and the nature of this account is "Real Account" which cannot be closed at the end of year and the balances in this account are carried forwarded to next. year.
The personal account referes to an employees or organization account.
Answer B personal account.
as it is outstanding is a liability therefore real account=balance sheet account
those who mentioned as personnel account can they tell us how it will appear on balance sheet at end of period ?
b. Personal account , as suggested by many other colleagues here.
The correct answer is
b. Personal account
