A

Admin • 833K Points
Coach

Q. What type of account is 'Rent Received'?

  • (A) Real Account
  • (B) Personal Account
  • (C) Nominal Account
  • (D) Fictitious Account
  • Correct Answer - Option(C)
  • Views: 14
  • Filed under category Accounting
  • Hashtags:

Explanation by: Admin

Rent Received is a nominal account since it relates to income.

You must be Logged in to update hint/solution

Discusssion

Login to discuss.

Be the first to start discuss.