Download App

Books of Original Entry – Journal — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountBooks of Original Entry – Journal1 Mark
Question
Is Capital Account a Personal or Real Account and why?
✓

Answer

Capital Account is a Personal Account because it represents the Proprietor of the business who is a human being.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Books of Original Entry – Journal→Books of Original Entry – Journal — all question types→Account STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

What is Journalising?
→
Distinguish between expenses and losses.
→
M/s. Auto Aid, Delhi purchased 500 pieces of car horns @ ₹ 200 each less 10% Trade Discount plus IGST @ 12% from M/s Auto Horns, Chandigarh. What is the invoice value?
→
Define the following basic accounting term with example:
Profit.
→
Which column in a Journal is not filled at the time of Journalising?
→
Give one difference between provision and reserve.
→
X drew a bill for ₹ 10,000 on Y on 7th March, 2019 for 2 months. X discounted this bill with Bank on 10th March, 2019 at 12% p.a. On maturity, the bill was dishonoured and bank paid ₹ 175 as noting charges. How much amount bank will deduct from the bank balance of X at the time of dishonour?
→
Explain Capital briefly.
→
What is Journalising?
→
What are the two sides of an account called?
→