i. Land and Building account is _____ ii. Cash Book and Personal Accounts are only maintained under ____system.

Question

Fill in the blanks:

i. Land and Building account is _________

ii. Cash Book and Personal Accounts are only maintained under ________system.

iii. Debit what comes in and credit what goes out is the rule of ________ account.

iv. Travelling expenses account is _________ type of Account.

v. Every transaction has _______________ effect.

Answer 1

i. Real

ii. Single Entry

iii. Real

iv. Nominal

v. Two Fold