CA CPT 2016 June Question Paper Fundamentals of Accounting for online practice

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Question : 10 of 60

Marks: +1, -0

Which of the following statements is not true?

All Personal & Real accounts ultimately show some balance
The balances of Nominal accounts are transferred to Profit & Loss a/c
Rent a/c is a personal account but outstanding rent account is a nominal account
In ledger, accounts are opened separately

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