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

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Question : 7 of 58

Marks: +1, -0

Out of the following statements, identify the wrong statement.

Real & personal A/c’s are transferred to balance sheet.
Nominal A/c’s are transferred to profit and loss A/c
Cash A/c is not opened separately in the ledger
Rent A/c is a personal A/c and outstanding Rent A/c is a nominal A/c

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