Question : The nature of Receipts and Payment Account is:

Option 1: Nominal

Option 2: Artificial Personal

Option 3: Representative Personal

Option 4: Real

Question : The realization account is a

Option 1: nominal account

Option 2: real account

Option 3: personal account

Option 4: real as well as personal

Question : The realization account is a

Option 1: nominal account

Option 2: real account

Option 3: personal account

Option 4: real as well as personal

Question : Income and Expenditure Account is

Option 1: property account

Option 2: personal account

Option 3: nominal account

Option 4: capital account

Question : Share application and allotment account is a-

Option 1: Personal Account

Option 2: Real Account

Option 3: Nominal Account

Option 4: None of the Above