Fill in the blanks:i. Land and Building account is _________ii. Cash

1.	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» i. Real ii. Single Entry iii. Real iv. Nominal v. Two Fold

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»

i. Real

ii. Single Entry

iii. Real

iv. Nominal

v. Two Fold