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CLASSIFY THE FOLLOWING INTO REAL,NOMINAL AND PERSONAL-
1.unpaid salaries a/c
2.arvind mills a/c
3.arvind mills shares a/c
4.prepaid rent a/c
5.fire insurance premium a/c
6.life insurance premium a/c
7.petty cash a/c
8.loan given a/c
9.interest received a/c
10.loan received a/c
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outstanding expenses are the expenses that "unpaid"at the end of the accounting period e.g.salaries rent so they all come to under nominal accounts which is debt all expenses and losses and credit all gains since they are unpaid hence they must be credited
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which name written in Tan application form Applicant is sole proprieter companies name or individual name?
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13 Answers Bank Of America, JPMorgan Chase,
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