classify the following into real, nominal, personal account
1. Discount account
2. interest on debenture
3. Land account
4. salary account
5. carriage account
6. printing & stationary account
7. stock account
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Answer Posted / pramod vaijinath bagal
Real: land A/c,stock a/c
Nominal A/c: Interest on debent,salary,carriage
a/c,printing& stationary,
| Is This Answer Correct ? | 30 Yes | 1 No |
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closing stock at the end is comprised of %a purchase price of $60000,10% discount and 15% import duty.The stock can be sold for $70000 after incurring costs of $1950.Included in the purchase price is abnormal wastage of $2000.Transportation costs are $1000 and storage costs are $500,what is the value of the closing stock?
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