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  • Basics of Accountancy
  • Mr. Mehta's a/c deals with the rule: 'debit the receiver ...
Multiple choice

Mr. Mehta's a/c deals with the rule: 'debit the receiver and credit the giver'. Which of the following types of account is it?

  1. Personal account

  2. Real account

  3. Nominal account

  4. Asset account

  5. Liability account

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A Correct answer
Explanation

Personal account deals with the above rule.

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