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bank is neither real nor nominal,, irs persnal account
C option reason bank is a personal account and in the given options personal account is not available.
Nominal accounts are income statement accounts which are closed by end of the accounting year. Real accounts are the balance sheet accounts where balances at the end of the accounting year are carried forward to the next accounting year.
Bank is a real account which is inside the "Cash and Cash equivalents" line item on the Balance sheet and is treated as a current asset.
i want to do b com but my eye sight is weak can i join it? please guide me on
C) It is Personal Account according to Golden rules of accounting convention
It is neither A nor B. It is Personal Account.
