Multiple choice

A bank account is a personal account and the account-holders record their transaction with the bank in a similar manner as they do with any other person.

  1. True

  2. False, because bank account is a real account.

  3. False, because account holders record their transaction with the bank in a similar manner as a nominal account.

  4. Both (2) and (3)

Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Correct Answer: True