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Accounts of ‘Not for Profit’ Concerns — Book Keeping & Accountancy STD 12 Commerce / Arts — Question

Maharashtra BoardEnglish MediumSTD 12 Commerce / ArtsBook Keeping & AccountancyAccounts of ‘Not for Profit’ Concerns1 Mark
MCQ
Receipts and Payments Account is a $.........$
  • A
    Personal Account
  • ✓
    Real Account
  • C
    Nominal Account
  • D
    Profit and Loss Account
✓

Answer

Correct option: B.
Real Account

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